- August 14, 2022
- Posted by: Stratford Team
- Category: Economy
The US dollar rallied on Friday, but posted a weekly drop as traders weighed improving US inflation data against comments from US Federal Reserve officials who cautioned that the battle against rising prices was far from over.
US import prices last month declined for the first time in seven months on lower costs for fuel and non-fuel products, data showed on Friday, in the third report this week to hint that inflation might have topped out.
Another two key inflation measures, for consumer prices and producer prices, cooled last month, data showed on Wednesday and Thursday, prompting traders to pare back views that the Fed would raise interest rates by 75 basis points for a third consecutive time when it meets next month.
Photo: Reuters
After four…
