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US dollar turns back higher in choppy trade after the CPI report

US dollar turns back higher in choppy trade after the CPI report

The market is having a tough time digesting the January CPI report as the dollar has swung back and forth.

It comes back to the question: Will the Fed have to hike rates further? Headline inflation was a tad hot but core inflation was inline; there remain reasons to expect continued cooling for the remainder of the year but will it be enough? Or will the seeming re-acceleration in the economy spark another round of price increases?

I don't think any detail of the CPI report offer... Read More

Posted: Feb 14 2023, 14:20
Author Name: forexlive
Views: 110685

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