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Federal Reserve interest rate cut expectations cool down, dollar strength suppresses Asian currencies' room to move
GateNewsBot
ChainCatcher News, according to Jintiao, the latest report from the International Treasury and Market Research Department of UOB shows that due to market expectations that the Federal Reserve may pause interest rate cuts, the Singapore dollar slightly weakened against the US dollar during Thursday’s Asian trading session. Federal Reserve Board member Cook recently expressed a cautious attitude towards inflation, and several other Fed officials also hold similar concerns. Analysts point out that unless inflation further slows down and the labor market does not experience significant negative surprises, the Federal Reserve’s policy interest rate is expected to remain unchanged for some time.
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