Dollar slides after US Federal Reserve adopts more cautious tone on inflation outlook

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

The pound has hit $1.3146, its highest level since last September against the dollar, after last night’s Fed statement. The dollar is sliding after the US Federal Reserve adopted a more cautious tone on the inflation outlook – boosting expectations that the next interest rate hike may be delayed until next year.

Continue reading…

Facebook Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.