Federal Reserve officials leaned towards reducing the benchmark interest rate in September, assuming inflation keeps declining. Minutes from the July meeting indicated likely policy easing, with Chair Jerome Powell expected to provide more details in an upcoming speech. Recent economic data presents a mixed picture, affecting trader expectations and economic sentiment.
Rupee rises for a 3rd day as crude falls
The Indian rupee strengthened for the third consecutive day, closing at 94.56 against the dollar. This rise was driven by retreating oil prices following a
June 17, 2026