⭕ Here are the main developments:
⬅️ The US Federal Reserve challenges Trump again and keeps interest rates unchanged for the fifth consecutive time, amidst a rare division within the committee!
• Powell puts doubts to rest: "No promises... and the September decision will be made in September only!"
• As for Trump? No easing in sight: "$200 billion in tariffs coming next month!"
• The dollar is declining... but it is nearing its first monthly gain this year, and the euro rises after 6 days of losses.
⬅️ Stay tuned at 3:30 PM Saudi time... PCE index data – the Fed's preferred measure of inflation.
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