Forexlive Americas FX news wrap: CPI gives and Powell takes ...Middle East

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Forexlive Americas FX news wrap: CPI gives and Powell takes
US May CPI 3.3% y/y versus 3.4% expectedFederal Reserve rate decision: Rates unchanged and dot plot shows one cut this yearPowell opening statement: Inflation has eased substantially but is still too highPowell Q&A: Regardless of dots, everyone at FOMC would say they're 'very data dependent'A word-by-word comparison of the May FOMC statement to the June FOMC statement.Bank of Japan to weight cuts to gov't bond purchases- reportEIA weekly US oil inventories +3730K vs -1025K expectedMarkets:Gold up $3 to $2319US 10-year yields down 7 bps to 4.33%WTI crude up 46-cents to $82.39S&P 500 up 0.8% to record highAUD leads, USD lagsToday's session offered a pair of surprises. The big one came early in

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