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Fed minutes show little support for interest rate cut later this month
Only "a couple" of officials at the US Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from President Donald Trump's tariffs.
Strong June jobs report won't sway Fed on rate cuts: Analyst
The economy added 147,000 nonfarm payroll jobs last month, topping the Dow Jones consensus of 110,000, according to the US Bureau of Labor Statistics. The unemployment rate held steady at 4.1%, better than forecasts for a rise to 4.3%.
The U.S. dollar drew support from elevated Treasury yields on Wednesday, which in turn kept pressure on the yen after the ...
Flurry of financial sector reports expected to show investment banking still in the doldrums for another quarter ...
UBS expects the US economy to slow significantly in 2025, projecting real GDP growth to fall to around 1%. In a note to ...
The ringgit slipped 0.01 per cent against the US dollar at the close, as the local note continued trading on the defensive ...
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