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🖥️FED CAUTION ON RATE CUTS

🖥️FED CAUTION ON RATE CUTS

Day: 09 | Time: 17:15:18 The dollar has held just above 105 after Fed Chairman Powell confirmed caution on interest rate cuts. Powell emphasized that the Fed will not consider a rate cut until it is confident that inflation is moving sustainably towards 2%. Markets are now focused on US inflation data this week, which could clarify the future path of interest rates. A 0.1% increase in consumer prices is expected for June compared to May, with a 0.2% increase in the core consumer price index. Producer prices are expected to increase by 0.1%, recovering from a 0.2% decrease in May, while core producer prices are expected to increase by 0.2%.