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Fed officials show signs of disagreement, and the dollar slightly retreats from a three-month high.
On November 4, the US dollar softened slightly on Tuesday as investors weighed the remarks made by several Fed officials on Monday, which highlighted the divisions over whether to continue cutting interest rates. Fed's Goolsbee stated that he is not in a hurry to cut rates again due to inflation still being above the 2% target; another official, Mester, believes that current policy is “still too tight.” San Francisco Fed President Daly expressed an “open attitude” toward whether to cut rates again in December. Governor Cook did not commit to further rate cuts. ( Jin10 )