The U.S. dollar stayed fairly steady on Wednesday as hopes for a steep cut in interest rate next month faded after recent comments from Federal Reserve Chairman Jerome Powell and St. Louis Fed President James Bullard that a big reduction may not be warranted for now.
Speaking in New York on Tuesday, Powell remarked that the Fed is independent, insulated from short-term political pressures.
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Forex News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.