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Published 07:41 IST, August 29th 2024

Dollar holds gains ahead of US inflation test

Markets have fully priced in a 25 bps rate cut from the Fed next month, with a 34.5% chance of an outsized 50 bps reduction, according to the CME FedWatch tool.

Reported by: Thomson Reuters
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07:41 IST, August 29th 2024