Powell said the Federal Reserve is not in a hurry to cut interest rates, which reignited market demand for the dollar. The US index currently maintains a high range of fluctuations, and CPI data may help it achieve a breakthrough.
Federal Reserve Chairperson Powell's testimony yesterday was not overly optimistic, but it reignited expectations that interest rates should be cut sooner rather than later. Inflation is no longer the only threat to the US economy, and the job market will be just as important... > >