Fed Rate Cuts Likely After US Inflation Cools-Asia FX Markets React
US inflation eased to 3.5% year-on-year in June, according to the latest Consumer Price Index (CPI) data, falling below the 3.8% market consensus. This downside surprise, driven largely by lower energy prices, has led markets to scale back expectations for Federal Reserve tightening, though the US dollar remains supported by high real yields and Middle … Read more