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

Market Chatter: South Korea's Foreign Currency Deposits Rebound in June After Five-Month Decline

Dollar-denominated deposits increased $1.26 billion, reaching $73.47 billion, while Japanese yen-denominated deposits grew $600 million to $10.13 billion last month.

MT Newswires03:21 ET

Dollar Edges Lower After Biden Withdraws From Presidential Race

0654 GMT - The dollar edges lower following U.S. President Joe Biden's decision Sunday to pull out of November's presidential race and endorse Vice President Kamala as the Democratic Party's nominee.

WSJ03:04 ET

Forex Markets Awaiting Clarity on Trump Trade

0550 GMT - Markets are wrestling with how a Trump victory in the U.S. presidential election will influence the U.S. dollar, DBS senior currency strategist Philip Wee says. Those favoring a stronger

WSJ02:09 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