The dollar was on the defensive on Friday after Federal Reserve officials bolste...
The dollar index=USD, which hit a two-week low of 96.648, bounced to 96.824.
Williams said when rates and inflation are low, policymakers cannot afford to keep their “powder dry” and wait for potential economic problems to materialize. Financial markets quickly reacted, with money market futures pricing in almost a 70% chance of a 50 basis point cut at its policy meeting on July 30-31 at one point.
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