Data Supports Fed Rate Cut, Dollar Weakens

BlockBeats News, June 12, the possibility of a Federal Reserve rate cut is increasing, putting pressure on the dollar. As Trump reshapes the U.S.'s geopolitical leadership and pushes forward his aggressive tariff agenda, the dollar has already been under strain.

Most importantly, data shows a slowdown in inflation and a weakening job market, which raises the likelihood of the Federal Reserve cutting rates in early autumn or even sooner. (Jin10)