Economy · Full coverage
Dollar Edges Up to 3.03 Shekels Ahead of US Inflation Data and Fed Chair Testimony
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 US dollar slightly strengthened to 3.03 shekels ahead of key US inflation data and Federal Reserve Chair Kevin Warsh's first congressional testimony. Inflation forecasts show a decline but remain above the Fed's target, prompting warnings from Fed Governor Christopher Waller about possible near-term rate hikes.
- 01US dollar rises 0.1% to 3.03 shekels in Israeli market ahead of inflation data.
- 02Euro and pound also gain slightly against the dollar globally.
- 03US inflation data expected to show 0.2% monthly CPI decline and 3.8% annual inflation.
- 04Fed Chair Kevin Warsh to testify before Congress shortly after inflation report release.
- 05Fed Governor Christopher Waller warns of potential near-term rate hikes if inflation remains high.
- 06Waller stresses Fed will not be complacent if inflation data surprises on the upside.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 1 outlets
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