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 Decoding the Drivers Behind Bullion's Sudden Ascent READ MORE Gold’s Rally to $2,195: A Sign of What’s to Come READ MORE Maritime Bottlenecks Resurface, Pushing Freight Rates Towards Covid-Era Peaks READ MORE Goldman still bullish on gold, China underpinning demand outlook By Investing.com READ MORE The Commodities Feed: Gold Nears $2,200/oz READ MORE Add a Comment Cancel replyYour email address will not be published.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