💨 Abstract

The U.S. dollar dropped on Tuesday as Federal Reserve Chair Jerome Powell said the central bank is in no hurry to lower interest rates and traders waited for more concrete information on potential trade tariffs by President Donald Trump. Powell mentioned that the U.S. economy is strong overall with low unemployment and inflation above the Fed's 2% target. Traders are becoming immune to trade tariff news, and everyone is in a wait-and-see mode.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖