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Dollar Rises Amid Rate Cut Expectations; Crypto Retreats

2/25/2026

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Story summary
  • The dollar gains support as investors expect fewer Federal Reserve rate cuts after its latest meeting.
  • Lee Hardman of MUFG Bank says a new 10% global tariff could lower inflation and enable Fed rate cuts later.
  • Federal Reserve Governor Christopher Waller says rates may stay unchanged if the labor market improves.
  • Cryptocurrencies retreat on artificial intelligence disruption fears and tariff uncertainty, with Bitcoin at $63,214 and Ether at $1,821.