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 The Elusive Art of Recession Forecasting: Why Economic Indicators Fall Short READ MORE Fed Expected to Hold Rates Steady READ MORE Gold Hits Another Record, Topping $2,365/oz READ MORE Baby Boomers' $76 Trillion Savings Shield US from Recession READ MORE Surprise CPI Drop Propels Gold Prices Towards All-Time Highs READ MORE Add a Comment Cancel replyYour email address will not be published.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