The U.S. dollar firmed against most of its major rivals on Tuesday, ahead of the Federal Reserve's monetary policy announcement, due on Wednesday.The Fed is not expected to make any policy changes tomorrow, but is expected to signal the beginning of interest rate hikes in March. Markets expect the central bank to announce four hikes this year to rein in inflation.Worries about geopolitical tension...
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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.