scorecardresearchDollar pauses below two-decade peak as markets ponder US Fed path

Dollar pauses below two-decade peak as markets ponder US Fed path

Updated: 19 Jul 2022, 08:01 AM IST
TL;DR.
Bets for supersized easing ramped up last week after data showed U.S. inflation, already at a four-decade high, continued to accelerate in June. But some Federal Reserve officials were quick to throw cold water on such talk, and figures from Friday showed a easing of consumer inflation expectations to the lowest in a year.
US Federal Reserve Chair Jerome Powell speaks at a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington, DC, June 15, 2022. (Photo by Olivier DOULIERY / AFP)

US Federal Reserve Chair Jerome Powell speaks at a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington, DC, June 15, 2022. (Photo by Olivier DOULIERY / AFP)