U.S. Rate Cut Possibility Pushes Down Dollar and Bond Yields

A Federal Reserve official’s hint about possible U.S. interest-rate cuts pushed the dollar to its lowest level in more than two months against the yen on Wednesday. After changing hands at more than 150 yen earlier this month, the dollar fell as low as 146.65 yen during Wednesday morning trading in Tokyo, the lowest level since Sept. 12, before recovering some ground. Federal Reserve governor Christopher Waller on Tuesday hinted that the central bank [could start lowering interest rates](https://ift.tt/ZbT3hWU) if the decline in inflation continues.