Powell was cautious about cutting interest rates, and the dollar index rose to 97.45.
2025-09-24 06:39:56
The dollar strengthened after Federal Reserve Chairperson Jerome Powell was cautious about the prospect of future rate cuts. He said there were risks to both jobs and inflation and did not give a clear signal on whether to cut rates at the October meeting. Powell pointed out that if the rate cut is too large, it will leave the work of dealing with high inflation unfinished and may need to be raised later. The dollar index DXY rose 0.24% today to 97.45. (Golden Ten)
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