Dollar Tumbles as Traders Anticipate Fed Rate Cuts Following Inflation Data The dollar fell on Wednesday after data showed May’s consumer prices rose less than expected, fueling speculation that the Federal Reserve might cut interest rates as soon as September. Headline inflation was flat, and core prices increased by 0.2%, both below forecasts. This has boosted the probability of a September rate cut to 73%, up from 53% the previous day, and increased expectations of a second rate cut by year-end. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Moderate Inflation Easing Keeps Fed's Interest Rate Cuts on Hold READ MORE Crude Oil's Upward Momentum Stalls Amid Signs of Overbought Market READ MORE Sprott Assures Minimal Market Effect from New Copper Fund READ MORE Goldman Sachs: Gold Prices Are Forecast To Rise 6% in the Next 12 Months READ MORE UBS Positive on Gold, May Rise to $2,500 READ MORE Add a Comment Cancel replyYour email address will not be published.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