16-October-2026
Economy News
 
Dollar Retreats From 18-Month High Despite Hot CPI as Fed Officials Temper Hike Bets
15-Oct-2026

The dollar slipped from an 18-month peak on Thursday despite hotter-than-expected inflation data, as cautious remarks from Federal Reserve officials and a pullback in Treasury yields led traders to scale back expectations of an October rate hike. Against the dollar, the euro bounced 0.3% from an 18-month low to trade at $1.1187. Sterling strengthened 0.2% to $1.3224, recovering from a 13-month low.

News Source:- https://money.usnews.com/investing/news/articles/2026-10-14/dollar-retreats-from-18-month-high-despite-hot-cpi-as-fed-officials-temper-hike-bets
 
 
 

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