The yen weakened against major currencies after the Bank of Japan maintained its cautious stance on future interest rate hikes, despite a recent quarter-point increase. Officials expressed concern over sharp currency movements and hinted at potential intervention, but markets remained unimpressed by the lack of hawkish signals.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation