Dollar Gains as Market Awaits Fed Minutes; Pound Steady on Inflation Data The dollar strengthened on Wednesday as investors awaited the Federal Reserve’s meeting minutes for clues on the future of interest rates, while the British pound stabilized following data showing a drop in UK inflation in April. Despite a milder U.S. inflation reading last week, Fed officials remain cautious, with Governor Christopher Waller and President Loretta Mester indicating a need for more consistent data before considering rate cuts. The upcoming Fed minutes are expected to shed light on the central bank’s stance regarding inflation and potential rate adjustments. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts US dollar's dominance secure, BRICS see no progress on de-dollarization -report By Reuters READ MORE Decoding the Drivers Behind Bullion's Sudden Ascent READ MORE Flat Treasury Yields Reflect Investor Caution Amid Varied Economic Reports READ MORE Morgan Stanley Forecasts Gold Prices Surpassing $2,600 by Year-End READ MORE 2,400-Year-Old Gold Coins Found in Turkey: A Mercenary's Treasure READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment