FOREX-Dollar dips as Fed cites disappointing inflation, but keeps focus on cuts ...Middle East

The dollar fell on Wednesday after the U.S. Federal Reserve signaled it is still leaning toward eventual reductions in borrowing costs, but repeated that it wants to gain "greater confidence" that inflation will continue to fall before cutting rates. "In recent months, there has been a lack of further progress towards the Committee's 2% inflation objective," the Fed said in its statement.

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