Dollar Steady as Moderating Inflation and Cautious Fed Reduce Expectations for Further Rate Hikes

Dollar steady after core PPI shows moderating inflation, leading market to think Fed is done hiking rates
Fed minutes show uncertainty about economic path pushed officials into cautious stance on further hikes
Some Fed officials argue rising Treasury yields may be doing some of the tightening work, reducing urgency for hikes
Core PPI rose 0.2% in September, slowing from 0.3% gain in August, sign of cooling inflation
Dollar index little changed after touching a two-week low, while euro rose to highest since Sept. 25
Sterling hit three-week high, boosted by dovish Fed speak this week signaling potential pause in hikes