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Market Focuses on Fed Independence, US Dollar Maintains Uptrend
Summary: According to reports from FXStreet, US July PCE inflation data met expectations, driving the US dollar to continue its upward trend. At the same time, the market is closely watching US President Trump's attempts to pressure the Federal Reserve to cut interest rates. Fed Governor Waller reiterated a dovish stance, with Marc Chandler, Managing Director ...
According to reports from FXStreet, US July PCE inflation data met expectations, driving the US dollar to continue its upward trend. At the same time, the market is closely watching US President Trump's attempts to pressure the Federal Reserve to cut interest rates.
Fed Governor Waller reiterated a dovish stance, with Marc Chandler, Managing Director of Bannockburn Global Forex, supporting a rate cut in September in response to deteriorating labor market conditions, while advocating to ignore price pressures related to tariffs.
