The U.S. dollar, which slipped in early New York session on Wednesday after data showed a smaller than expected increase in the nation's private sector job growth, rebounded after the Federal Reserve's comments suggested a rate cut in March is unlikely.
As widely expected, the Fed maintained the target range for the federal funds rate at 5.25 to 5.5% in support of its dual goals of maximum employment and inflation at the rate of 2% over the longer run.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.