U.S. Dollar Falls After BLS Data Release

~ EconEye Admin

The U.S. dollar fell after BLS data released on April 10 showed a rise in total CPI inflation—driven by higher oil prices—but stable core inflation, signaling that the Federal Reserve is unlikely to raise interest rates.—wsj.com

 

Answer the following questions to check your understanding of the story.

1) Why does the BLS data suggest that the Federal Reserve is unlikely to raise interest rates?

The Fed is unlikely to raise interest rate because the ___________.

2) Why did the U.S. dollar fall on the release of BLS inflation data?

The U.S. dollar fell because supply of U.S. dollars __________ and the demand for U.S. dollars __________.

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