Posted 3/15/2024, 8:56:40 PM
US Dollar Rebounds Slightly Ahead of Fed Meeting; Markets Eye Interest Rate Outlook
- The US dollar has seen minor gains this week ahead of next week's FOMC meeting, rebounding from December lows.
- Sentiment data was mixed - consumer sentiment dropped but industrial production rose.
- Markets await guidance from the Fed next week on potential rate cuts this year.
- Technical analysis shows the US dollar index has a bearish undertone despite recent gains.
- Central banks adjust interest rates to balance inflation, growth and employment, but must avoid shocking markets.