{
  "id": 14598483,
  "title": "Dollar retreats from 18-month high as Fed officials temper rate-hike bets",
  "url": "https://urgent.news/2026/10/15/dollar-retreats-from-18-month-high-as-fed-officials-temper-rate-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T02:08:56.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/15/dollar-retreats-from-18-month-high-as-fed-officials-temper-rate-hike-bets"
  },
  "original_language": "en",
  "account": "The US dollar retreated from an 18-month high on Thursday as Federal Reserve officials tempered expectations of an October rate hike. Despite stronger-than-expected inflation data, cautious remarks from key Fed officials and a decline in Treasury yields prompted traders to scale back their bullish outlook. The euro gained 0.3% against the dollar, trading at US$1.1187, while the British pound strengthened 0.2% to US$1.3224. The dollar index, which tracks the greenback against a basket of currencies, dropped 0.1% to 102.06, having relinquished most of its gains after the inflation data, which initially pushed it to an 18-month high. Core consumer price index rose 0.3% in September, exceeding expectations for a 0.2% increase, while the annualized inflation rate climbed 2.6%, surpassing forecasts for a 2.5% hike. Despite the stronger CPI number, market expectations for an October Fed rate hike rose to 50%, but Fed officials' comments and a pullback in Treasury yields led to a reduction in those expectations. The yield on the US 10-year Treasury bond fell to a three-week low of 5.1267%, and the 30-year bond yield decreased to 5.4795%. A rally in US Treasuries, driving down yields, also contributed to the dollar's decline. Market attention now shifts to upcoming US producer price and retail sales data.",
  "summary": "The dollar index has given back most of the gains it made after Wednesday's hot inflation reading.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Dollar retreats from 18-month high as Fed officials temper rate-hike bets",
        "url": "https://urgent.news/2026/10/15/dollar-retreats-from-18-month-high-as-fed-officials-temper-rate-hike-14602059",
        "published": "2026-10-15T02:08:56.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets",
        "url": "https://urgent.news/2026/10/15/dollar-retreats-from-18-month-high-despite-hot-cpi-as-fed-officials",
        "published": "2026-10-15T02:55:27.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Dollar retreats from 18-month high as Treasury yields dip; Fed hike bets ease",
        "url": "https://urgent.news/2026/10/15/dollar-retreats-from-18-month-high-as-treasury-yields-dip-fed-hike",
        "published": "2026-10-15T04:36:18.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "Dollar retreats from 18-month high despite strong US inflation data",
        "url": "https://urgent.news/2026/10/15/dollar-retreats-from-18-month-high-despite-strong-us-inflation-data",
        "published": "2026-10-15T07:14:34.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}