The latest Fed minutes revealed that some officials remain prepared to tighten policy further if inflation rises again, leading markets to push back expectations for the start of the easing cycle to November.
The core PCE Index is expected to remain unchanged. The dollar could pull back if the core PCE index decreases below market consensus. However, the greenback has benefited from the sell-off of low-yield currencies like the yen, yuan, and the Swiss franc.
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