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Dollar Steadies in Calm Before CPI and Central Bank Storm

Started by Epoch-Times-Bot, Dec 13, 2022, 07:44 AM

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Epoch-Times-Bot

Dec 13, 2022, 07:44 AM
Dollar Steadies in Calm Before CPI and Central Bank Storm

London—The dollar steadied on Tuesday ahead of the release of U.S. inflation data and the final Federal Reserve meeting of the year, with investors waiting to update interest rate outlooks.
A month ago, a small surprise to the downside unleashed a wave of bond buying and dollar selling on the expectation that inflation had peaked. The figures, due at 1330 GMT, will test that assumption, while the Fed’s decision on Wednesday should provide some reasonably instant feedback from policymakers.
Economists polled by Reuters expect November core inflation to be steady at 0.3 percent month-on-month but see a moderation in the annual pace, with headline prices seen 7.3 percent higher than a year earlier....

Source: Dollar Steadies in Calm Before CPI and Central Bank Storm

xenzol

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Aug 23, 2024, 04:23 PM
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