The dollar became more stable following the release of the US Core Producer Price Index on Wednesday. This indicates that core US inflation was further subdued in September, giving markets reason to expect the Fed to complete its interest rate hike.
After that, markets had little reaction to the minutes of last month's Fed policy meeting. Recognizing uncertainty about the future of the U.S. economy, Fed officials are taking a cautious stance as they debate whether further interest rate hikes are necessary.
After that, markets had little reaction to the minutes of last month's Fed policy meeting. Recognizing uncertainty about the future of the U.S. economy, Fed officials are taking a cautious stance as they debate whether further interest rate hikes are necessary.
