Before we cut rates, let’s be sure inflation is heading back to 2%

Federal Reserve (Fed) Reserve Bank of Chicago President Austan Goolsbee said that he is optimistic about more interest rate cuts this year, but not until inflation is heading back to target. He also added that Inflation progress has stopped, but it needs to make more progress, in remarks before the National Association for Business Economics in Washington, D.C., on Tuesday.

Key takeaways

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.10%	0.03%	0.81%	0.05%	0.22%	0.07%	0.00%
EUR	-0.10%		-0.08%	0.72%	-0.03%	0.11%	-0.03%	-0.10%
GBP	-0.03%	0.08%		0.78%	0.03%	0.19%	0.05%	-0.02%
JPY	-0.81%	-0.72%	-0.78%		-0.75%	-0.58%	-0.73%	-0.80%
CAD	-0.05%	0.03%	-0.03%	0.75%		0.17%	0.02%	-0.06%
AUD	-0.22%	-0.11%	-0.19%	0.58%	-0.17%		-0.14%	-0.21%
NZD	-0.07%	0.03%	-0.05%	0.73%	-0.02%	0.14%		-0.07%
CHF	-0.00%	0.10%	0.02%	0.80%	0.06%	0.21%	0.07%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Source: https://www.fxstreet.com/news/feds-goolsbee-before-we-cut-rates-lets-be-sure-inflation-is-heading-back-to-2-202602241339