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Rich Asplund

BIZARRE: Dollar slightly higher on fed comments - What They Never Told You

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

The dollar index (DXY00) today is up by +0.08%.  Weakness in stocks today has boosted some liquidity demand for the dollar.  The dollar also has support on comments from Fed Governor Waller and Atlanta Fed President Bostic, who said they favor waiting for inflation to decline before cutting interest rates.

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

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