Posted 3/19/2024, 7:40:24 PM
US Housing Data Beats Forecasts Before Key Fed Meeting; Dollar Rises as Markets Bet on Further Rate Hikes
- US housing data beats expectations ahead of FOMC meeting; dollar index extends gains
- Markets anticipate Fed to remain hawkish, but dot plot updates could shift rate cut odds
- Treasury yields edging downward but remain at multi-week highs
- Technical indicators reflect strengthening bullish momentum for US dollar
- Dot plot projections give insight into Fed policymakers' interest rate expectations