Dollar dips as Powell says rate hikes may slow
Source: Reuters
NEW YORK, Nov 30 (Reuters) - The dollar dipped on Wednesday after Federal Reserve Chairman Jerome Powell said that the U.S. central bank could scale back the pace of its interest rate hikes "as soon as December."Still, Powell cautioned that the fight against inflation was far from over and that key questions remain unanswered, including how high rates will ultimately need to rise and for how long.The dollar index…
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