The U.S. dollar remained stable, easing pressure on the yen and other major currencies, as investors considered the Fed’s interest rate path. The New Zealand dollar dropped after the RBNZ cut rates by 50 basis points. Upcoming U.S. inflation data will be crucial for the dollar’s trajectory.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend