Dollar steady as Powell flags inflation risks; Mideast worries rise

Dollar steady as Powell flags inflation risks; Mideast worries rise

Source: EODHD - https://www.investing.com/news/economy-news/dollar-steady-as-powell-flags-inflation-risks-mideast-worries-rise-4102431
Published: Jun 18, 2025 10:21 PM

By Ankur Banerjee SINGAPORE (Reuters) -The dollar held steady on Thursday, as investors weighed Federal Reserve Chair Jerome Powell’s cautionary tone on inflation, while the looming threat of a broader conflict in the Middle East and possible U.S. involvement left sentiment frail. In a widely expected move, the Fed held rates steady, with policymakers signalling they still expect to cut rates by half a percentage point this year, although not all of them agreed on a need for rate cuts. Powell said goods price inflation will pick up over the course of the summer as U.S. President Donald Trump’s tariffs work their way to consumers. "Ultimately, the cost of the tariff has to be paid, and some o...

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