Posted 3/22/2024, 8:57:12 PM
Investors Bet on Fed Rate Cuts This Year Despite Unexpected Dollar Strength
- Investors expect Fed easing cycle to begin by June based on incoming data showing resilient US economy
- US Dollar holding up despite dovish Fed guidance and falling Treasury yields
- Next week's PCE data release to provide guidance on US inflation situation
- Technical analysis shows bullish momentum for US Dollar with potential for further gains
- Fed policy shaped by dual mandates of price stability and full employment, using interest rates as primary tool
