Economy · Full coverage
Shekel Weakens as Dollar Climbs Above 2.99 and ECB-Style Fed Comments Calm Markets
How 1 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Calcalist · 1 day ago
What happened
The shekel weakened as the dollar rose above 2.99 shekels and the euro climbed to around 3.40. Fed officials Austan Goolsbee and John Williams said inflation is still the main concern and no near-term rate change is expected. The next Fed decision is due July 29, with markets pricing a 30% chance of a cut.
- 01Shekel weakens as dollar tops 2.99 shekels and euro reaches about 3.40.
- 02U.S. stock declines prompted Israeli portfolio rebalancing and dollar buying.
- 03Goolsbee and Williams said inflation remains the Fed’s main problem.
- 04Williams said policy is well positioned and ruled out talk of cuts for now.
- 05Markets see a 30% chance of a Fed rate cut on July 29.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
In this story
People
OrganizationsFederal Reserve, Chicago Fed, New York Fed, CNBC, Crane Money Fund Symposium, Nasdaq, Wall Street
Full coverage · 1 outlets
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