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Barchart
Rich Asplund

Dollar Gains as Fed Members Signal Patience on Rate Cuts

US Federal Reserve Bostic Waller Atlanta Fed ECB Inflation Interest Rates Gold

The dollar index (DXY00) Tuesday rose by +0.09%.  The dollar Tuesday finished slightly higher on comments from Fed Governor Waller and Atlanta Fed President Bostic, who said they favor waiting for inflation to decline before cutting interest rates.  Gains in the dollar were contained on Tuesday due to lower T-note yields. 

Fed Governor Waller said he needs to see "several more" months of good inflation figures to begin interest rate cuts. 

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