Investors are selling dollars at the fastest clip in the past 12 months on the belief that the U.S. Federal Reserve has stopped raising interest rates and will begin cutting them next year, the Financial Times reported.
Tag: U.S. Federal Reserve
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FOREIGN INVESTORS LOSE APPETITE FOR U.S. TREASURY SECURITIES
Investors abroad, especially those in China and Japan, have been eager buyers of U.S. treasuries as the U.S. Federal Reserve scaled up interest rates over the past 18 months.
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FED NOT READY TO DECLARE VICTORY OVER INFLATION, POWELL SAYS
U.S. inflation is not yet tamed and the U.S. Federal Reserve is more likely to raise interest rates than cut them if any change is needed, Fed chair Jerome Powell said in a 9 November speech to a conference of the International Monetary Fund.
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