Fed Rate Cut Looms As Jobs Data Sinks

The U.S. dollar has held steady as markets await August PPI and CPI data, pivotal for the Federal Reserve’s September rate cut decision.

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The U.S. dollar has held steady as markets await August PPI and CPI data, pivotal for the Federal Reserve’s September rate cut decision, with expectations leaning toward 66 basis points of easing this year, possibly starting with a 25bp or 50bp cut next week after a 911,000-job downward revision through March.

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