Market Insights

The USD DXY has dipped nearly 20 points in the short term, down 0.5% for the day, currently reported at 101.30.

The USA and Saudi Arabia will sign more agreements at the investment forum.

Nick Timiraos, the "voice of the Federal Reserve": The Federal Reserve will have no reason to change its wait-and-see stance based on the inflation data from April. These figures largely align with the expectations of those closely tracking how the Labor Department measures inflation. If it weren't for the broad increase in tariffs in April, the inflation data might have led the Federal Reserve to expect a quick return to interest rate cuts. However, potential cost increases in the coming months may cause the Federal Reserve to remain inactive until it can better determine whether the price rises are a one-time occurrence.