From Investing.com: 2024-03-28 06:55:00

Fed Governor Waller stated that there is no rush to lower rates, contributing to a decline in the probability of a June rate cut. The US dollar gained as a result, except against the Japanese yen, which strengthened following intervention warnings from Japanese authorities. Wall Street closed higher, with the Dow Jones leading the gains, and gold also traded north. Waller’s comments are seen as contradictory to Fed Chair Powell’s recent remarks on inflation, setting the stage for market uncertainty over future rate cuts. Investors are closely watching tomorrow’s core PCE data for further direction on interest rates and the dollar’s performance.



Read more at Investing.com: Fed’s Waller fuels the dollar, yen intervention warnings intensify