US dollar mostly flat as market mulls inflation outlook

US dollar mostly flat as market mulls inflation outlook

May 19, 2024 / Riah Marton /



THE US dollar retreated against major currencies on Friday (May 17) as market speculation continues to swirl about the timing of Federal Reserve interest rate cuts amid signs of cooling yet persistent inflation and a softening US economy.

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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