Asian market trading is subdued today, with Dollar retreating as its recent rally began to lose steam. Notably, overnight remarks from Fed officials didn't provide any fresh cues, reinforcing expectations of a pause in rate hike this month. However, the door remains open for a subsequent rate hike, contingent on incoming data. All eyes now turn to the forthcoming CPI release next week, which could steer the greenback towards its next significant move.
Chicago Fed President Austan Goolsbee expressed a cautious optimism in an interview with Marketplace Radio yesterday, noting that the focal point of discussions surrounding interest rates might soon shift.
By Ann Saphir (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Thursday repeated his view that getting the economy on the "golden.
Fed s Goolsbee says he hopes golden path is within reach streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.