EUR/USD flat lines above 1.1100 after Fed's bumper rate cut – FXStreet
EUR/USD was trading sideways around the 1.1120 level in early European session on Thursday. At its September meeting, the Fed cut interest rates by 50 basis points, setting a new target range for interest rates of 4.75% to 5.00%. The euro area's annual HICP stabilized at 2.2% in August, as expected. The EUR/USD pair traded […]
Fed's preferred inflation gauge ticks higher in June
The Federal Reserve’s preferred inflation measure rose slightly in June, according to new data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index rose 0.1% last month and is up 2.5% over the past year. Core PCE, which excludes more volatile food and energy prices, rose 0.2% in June and is […]