The market is right to be wary of too much Dollar strength – Commerzbank – Crypto News – Crypto News
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US Dollar put to the guillotine, but plenty to live on for US Dollar put to the guillotine, but plenty to live on for

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The market is right to be wary of too much Dollar strength – Commerzbank – Crypto News

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2 years ago

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Economists at Commerzbank review Wednesday’s FOMC meeting and its implications for the US Dollar (USD).

The story may be the same, but the tone has changed

We can probably conclude that the story has remained the same, i.e. the Fed still wants to wait for inflation to return to its target on a sustained basis. The new projections are also consistent with this. 

The only thing that has changed is Powell’s tone: while he sounded very hawkish in January, this time he sounded much more neutral. This assessment of a more neutral Fed may change again as FOMC members speak in the coming days, but for now, the market is right to be wary of too much Dollar strength.

 

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