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EUR/USD may attempt to retrace the decline following the Federal Reserve interest rate decision as it no longer carves a series of lower highs and lows, but the US Retail Sales report may drag on the exchange rate as the update is anticipated to show a rise in household spending. US Dollar Forecast: EUR/USD Susceptible to Test of May Low Keep in mind, ...
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Federal Reserve Bank of Philadelphia President Patrick Harker said he views one interest-rate cut as appropriate for this year based on his current forecast, adding he’d like to see “several” more months of improving inflation. Harker said a recent report showing consumer prices cooled in May was “very welcome,” but policymakers need more evidence to be ...
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