The US Dollar has shown signs of stabilization after recent losses, propelled by hawkish statements from Federal Reserve officials. Patrick Harker from the Philadelphia Fed pointed out the strength of the US economy and ongoing inflation as key reasons to maintain current interest rates. Fed Governor Christopher Waller supported this stance but indicated potential cuts if inflation decreases. Concurrently, US Treasury yields have risen, and markets are anticipating a possible rate cut by July, driven by mixed economic indicators, including disappointing retail sales and soft Producer Price Index data, alongside global political developments.
The US Dollar stabilised to a certain extent, paring recent losses, supported by hawkish comments from Fed officials.
Philadelphia Fed President Patrick Harker emphasized the resilience of the US economy and persistent inflation as reasons to keep rates steady.
Fed Governor Christopher Waller also advocated for keeping rates at restrictive levels, though he left room for cuts if inflation shows signs of slowing.
Despite solid economic growth, disappointing retail sales and softer components of the PPI data have fueled rate cut expectations, putting pressure on the US Dollar.
Collection
[
|
...
]