USD/SGD Edges Higher, Aided by Fed Official's Hawkish Remarks -- Market Talk

0331 GMT - USD/SGD edges higher during the Asian session, aided by a Fed official's hawkish remarks overnight which could support an outlook for U.S. rates to remain higher for longer, thereby sustain

WSJ23:31 ET

Federal Reserve official: The possibility of interest rate hikes is not completely ruled out

Minneapolis Federal Reserve Chairman Kashkari said that the Bank of America's policy stance is restrictive, but policymakers have not completely ruled out the possibility of further interest rate hikes. “I don't think anyone has completely given up on raising interest rates,” he said. “I think the chances of us raising interest rates are very low, but I don't want to rule out any possibility.”

FX678 Finance23:18 ET

Analyst: Despite a possible slowdown in US inflation, the Federal Reserve is still cautious about the prospects of cutting interest rates

Macquarie analysts said on Tuesday (May 28) that although US inflation may slow in the next few months, the Federal Reserve is still cautious about the prospects of cutting interest rates.

FX678 Finance20:16 ET

The hawks of the Federal Reserve are putting pressure on interest rate cuts again: the possibility of interest rate hikes has not been completely ruled out

More than two months ago, it was suggested that the data might cause the Federal Reserve to cut interest rates twice this year, and maybe even only once, after that, the Fed official Neel Kashkari (Neel Kashkari) “set the eagle” again. On Tuesday, May 28, EST, Minneapolis Federal Reserve Chairman Kashkari, who has the right to vote at the 2026 FOMC meeting of the Federal Reserve's Monetary Policy Committee, said that the Fed's policy position is restrictive, but the Fed's policymakers have not completely ruled out the possibility of further interest rate hikes. While attending an event in London on Tuesday, he said, “I don't think anyone has completely ruled out the possibility of raising interest rates. I think the probability of interest rate hikes

wallstreetcn15:26 ET

May Texas Manufacturing Contraction Unexpectedly Deepens, Dallas Fed Says

Texas' manufacturing contraction unexpectedly worsened this month as production and shipments fell into negative territory and outlooks softened, according to the Federal Reserve Bank of Dallas.

MT Newswires15:22 ET

Forex Today: Attention Shifts to US PCE

The Greenback managed to regain some late traction and trimmed most of its daily losses amidst a decent bounce in US yields and diminishing expectations of a rate cut by the Fed in September.

FXStreet15:14 ET