The US Dollar, measured by the US Dollar Index (DXY), saw further gains above 101.00 on Thursday.
Atlanta Fed President Bostic is cautious about rate cuts and prefers to see more data before easing. Revised GDP growth of 3% in Q2 highlights the resilience of the US economy. Jobless claims came in better than expected. The US Dollar, measured by the US Dollar Index , saw further gains above 101.00 on Thursday. The 10-year US yield holds above 3.8%, supporting the Greenback.
Fed FAQs What does the Federal Reserve do, how does it impact the US Dollar? Monetary policy in the US is shaped by the Federal Reserve . The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy.
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