Exchange rates

EURUSD

Real-time Estimate TTMZero 14:29:55 17/07/2024 BST			5-day change	1st Jan Change
1.094 ^USD	+0.33%		+1.00%	-0.85%

07-14	Goldman challenges Fed's demand it hold more capital after stress test, FT reports	RE
07-14	GOLDMAN CHALLENGES FED'S DEMAND IT HOLD MORE CAPITAL AFTER STRES…	RE

Traders boost bets on Fed rate cut in Sept after CPI data

July 11, 2024 at 01:38 pm

(Reuters) - Traders on Wednesday boosted bets that the Federal Reserve will start cutting rates in September after a government report showed inflation receding in June. Interest-rate futures prices reflected about an 85% chance of a rate cut at the Fed's September meeting, compared with about a 70% chance seen before the report, which showed consumer prices unexpectedly fell last month from May. Traders also firmed bets on a second rate cut in December.

(Reporting by Ann Saphir; Editing by Toby Chopra)

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