{
  "id": 14602059,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T02:08:56.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "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 softened from an 18-month peak on Thursday, despite inflation data that came in hotter than expected. Federal Reserve officials' measured remarks and a retreat in Treasury yields prompted traders to lower expectations of a rate increase in October. Against the dollar, the euro rose 0.3% to trade at US$1.1187, while the British pound strengthened 0.2% to US$1.3224. The dollar index, which tracks the US currency against a basket of other currencies, slipped 0.1% to 102.06, giving back much of the gains it made following Wednesday's inflation report. Core consumer price index figures released by the US Labor Department showed a 0.3% increase in September, surpassing forecasts of a 0.2% rise. The annual inflation rate also rose to 2.6%, above the 2.5% estimate. Market expectations for a Fed rate hike in October rose to 50%, but comments from Fed officials suggested the central bank could wait for clearer data before acting, causing traders to adjust their rate hike expectations.",
  "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": 4,
    "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",
        "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"
      }
    ]
  },
  "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."
}