🔥🔥Fed Chair Powell Awaits Inflation Evidence Before Rate Cuts Amid Unusual Dollar Trends🔥🔥
#U.S. Federal Reserve Chair Jerome Powell is exercising caution in reducing interest rates, opting to wait for more evidence that inflation is not surging.
This decision is influenced by the unusual behavior of the U.S. dollar, which has depreciated contrary to expectations following the announcement of tariff policies.
Before the tariffs were announced, the market widely anticipated that these measures would strengthen the dollar.
However, the dollar has weakened, with the dollar index dropping 6.8% since April 2, known as 'Liberation Day,' and declining approximately 10.4% in 2025 so far.
This marks the worst year-to-date performance in at least 25 years.
The persistent weakness of the dollar is likely to have significant implications for the economy, including consumer prices.