Investors Remain Cautious Ahead of Fed Meeting, Dollar Index Holds Steady Awaiting Policy Signals

BlockBeats News: On June 16, the US dollar remained steady as investors adopted a cautious stance ahead of the Federal Reserve's policy meeting later this week.

Jefferies economist Mohit Kumar stated in a report that Federal Reserve Chairman Jerome Powell is likely to emphasize the increasing uncertainty surrounding economic growth and inflation outlooks. The tone may suggest that the Fed is not in a hurry to cut interest rates but stands ready to respond if economic conditions necessitate such a move. (Jin10)