Forex Today: Fear grips markets, boosts dollar ahead of critical US inflation data
Some gas stations in the northeast US are running dry as deliveries from Colonial Pipeline remain stuck following a ransomware attack. Authorities have vowed to restore service in the next few days. The issue is adding to the damp mood.
Fears of an overheating US economy and rate hikes from the Federal Reserve remain rife despite dovish comments from Federal Reserve officials – who say inflation is transitory. Fed Vice-Chair Richard Clarida and his colleague Raphael Bostic are slated to speak later in the day.
