The U.S. dollar firmed against its major rivals on Wednesday after the Federal Reserve hinted that tapering of the central bank's asset purchases could begin in the near futures.The Fed, which announced its monetary policy this afternoon, said that a "moderation in the pace of asset purchases may soon be warranted" if progress towards its dual goals continues broadly as expected.The central bank c...
For comments and feedback contact: editorial@rttnews.com
Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.