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News Wire / economy

US Dollar Strengthens As Inflation Risks Persist

developing SRF 4 News Washington D.C. 17d6d Impact 7
American consumers are expressing concern over persistent high prices, particularly for gasoline, impacting their overall spending. Many are cutting back on non-essential purchases like entertainment and groceries, indicating a significant economic strain. The US dollar maintained strength near a two-week high during morning trading. This follows warnings from the Federal Reserve regarding inflation risks and the decision to hold interest rates steady. Markets have now removed the possibility of interest rate cuts within this year. The Japanese yen saw a decline, exceeding the 160 level.

Topics

inflation consumer spending gasoline prices

Developing

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Sources · 7 independent

SRF 4 News

“gerade für die Benzinpreise, aber eben auch insgesamt sind die Preise in den Vereinigten Staaten immer noch hoch. Es war mit eines der Wahlversprechen von Donald Trump, dass er die seiner Meinung nach von Joe Biden ausgelöste Inflation eben deutlich drücken würde.”

VOV1 Vietnam

“Trong phiên giao dịch sáng nay, đồng đô la tiết tục duy trì sức mạnh gần đỉnh hơn hai tuần sau khi cuộc duy trữ liên băng Mỹ cảnh báo, rủi do lạm phát và giữ nguyên lãi xuất, thị trường hiện đã loại bỏ khả năng cách giảm lãi xuất trong năm nay.”

RTÉ Radio 1

“it now, there's a breakdown on the ORE-132 between swords and LOSC.”

Times Radio UK

“want the situation where Jewish patients like every other patient can go”

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