Data Supports Fed Rate Cut as Dollar Weakens
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The likelihood of a Federal Reserve rate cut is increasing, putting a cap on the US dollar. As Trump repositions the United States’ geopolitical leadership and pushes forward his aggressive tariff agenda, the dollar has already come under pressure. Most importantly, data showing slowing inflation and a cooling job market have further raised the chances of a Fed rate cut in early autumn or even sooner. (Jin10)
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