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 Billionaire Investor Palihapitiya: Misleading GDP Components Mask Economic Downturn READ MORE Rate Cut Speculation Dampens Gold Prices; Copper Struggles READ MORE The Dark Side of Economic Anxiety: Gen Z's Growing Tolerance for Digital Deception READ MORE China's Top Banks Launch $8.3 Billion Bond Sale to Boost Capital Reserves READ MORE Greenspan Warns of Double-Dip Recession if Home Prices Fall Further READ MORE Add a Comment Cancel replyYour email address will not be published.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