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 2024 Profit Forecasts Lowered, Dampening Investor Expectations READ MORE Global PMI Data Shows Persistent Price Inflation in May READ MORE Analyst Says Silver Could Be Headed to $50 READ MORE December Consumer Prices Rise Unexpectedly, Surpassing Forecasts READ MORE Gold Rises on Rate Cut Expectations Before Inflation Data READ MORE Add a Comment Cancel replyYour email address will not be published.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