Forex Analysis by Investing.com (Barani Krishnan) covering: US Dollar Index Futures, United States 10-Year, US dollar Futures, US Dollar Index. Read Investing.com (Barani Krishnan)'s latest article on Investing.com
is said to be at an “inflection point” as markets digest more chatter by Federal Reserve policy makers on interest rate
For what it’s worth, DXY’s consecutive decline for five days places the index at the 5-day Exponential Moving Average, or EMA, making a negative cross below the Daily Middle Bollinger Band that indicates weakness, though short-term recovery is still possible. We’ll study a breakdown of these projections in our technical outlook for the CPI but first, let’s take a contextual look at the variables and market factors that are at play.As for core CPI, the inflation component stripped off volatile food and energy prices, the forecast is for a 4.1% growthThe CPI hit four-decade highs of more than 9% per annum in June 2022 due to trillions of dollars of federal relief spending following the 2020 coronavirus outbreak.
“It's certainly possible that higher long-term yields may do some of the work for us in terms of bringing inflation back down," Kashkari said. “We don't need to increase rates any more,” the Atlanta Fed chief said. “If things come in differently from my outlook, we might have to increase rates. But that's not my current outlook.”
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