Why is the Federal Reserve still dragging its feet when the global market is eagerly awaiting an interest rate cut?

The Federal Reserve is waiting for more data to show that inflation is steadily decreasing, but excessive delays may lead to economic decline. Analysts believe that if the Federal Reserve continues to hold steady in July, a rate cut in September will be a "done deal".

wallstreetcn06:03 ET

NZD/USD: Next Support Below 0.6005 Is at 0.5980 – UOB Group

There is still room for the New Zealand Dollar (NZD) to drop below 0.6000, UOB Group FX strategists Quek Ser Leang and Peter Chia note.

FXStreet05:16 ET

Sentiment On The USD Fluctuates Amid Political Uncertainties

Recent developments in financial markets have significantly impacted the outlook for the USD.

Business Today22:16 ET

President Biden Dropping Out Unlikely to Materially Shift Markets -- Market Talk

In the near term, President Biden's not seeking re-election and endorsing Vice President Kamala Harris is unlikely to shift markets materially, says Piers Bolger, CIO at Infinity Asset Management.

WSJ22:16 ET

New Zealand Logs Trade Surplus in June as Exports Slip 0.1%, Imports Fall 13%

New Zealand's goods exports fell by NZ$7.4 million, or 0.1%, year over year in June to NZ$6.2 billion, while goods imports fell 13%, or by NZ$821 million, to NZ$5.5 billion compared with June 2023, according to data released Monday by Stats NZ

MT Newswires20:27 ET

"Rate cut trade" and "Trump trade" led the entire market, small-cap stocks rose strongly and csi commodity equity index fell across the board. | Overseas major asset weekly report

The U.S. stock market continues to witness a "big shift" in the market, as investors accelerate their exit from large technology stocks. The "Trump trade" has raised concerns about inflation and pushed up the yield on U.S. long-term bonds, putting pressure on the dollar, and most commodity prices have fallen.

wallstreetcnJul 21 02:57 ET