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US dollar strengthens in the Fed aftermath even as 2-year yields fall

The market is signalling worries about a hard landing in the economy with the Fed keeping rates too high for too long. A quarter-point hike today wasn't a surprise but Powell continued to push back against market expectations for cuts later this year. The market sees cuts coming as soon as September while Fed projections show rates staying at least this high deep into 2024.That paradigm will need to be resolved but the risk is that the Fed stays stubbornly high even as the economy begins to dete... Read More

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Content Topics

Dollar

Strengthens

Aftermath

Even

Year

Yields

Fall

2 year

Forex

Posted: May 3 2023, 19:48

Author Name: forexlive

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