US Dollar: Strong US data may reinforce Fed hawkishness - BBH
Brown Brothers Harriman’s Elias Haddad notes the Dollar has partly recovered after the FOMC kept the Fed funds range at 3.75–4.00% in a 10–2 vote, with dissenters favoring a hike. Warsh’s press conference signaled little urgency to tighten, yet December odds remain high. Upcoming US PCE and GDP data will gauge the Fed’s scope to stay patient and sustain USD-supportive rate differentials.
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