US Dollar Vulnerable to Less Hawkish FOMC Minutes
The statement may show a growing discussion to winddown the hiking-cycle after pushing the Federal Funds rate to neutral, and the central bank may deliver smaller rate hikes over the coming months as Chairman Jerome Powell acknowledges that “it likely will become appropriate to slow the pace of increases while we assess how our cumulative policy adjustments are affecting the economy and inflation.” In turn, the US Dollar may face additional headwinds over the coming days if the FOMC Minutes foreshadow a change in the forward guidance for monetary policy, but more of the same from the central bank may lead to a
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