Fed's stance over inflation signals caution, not panic, over higher inflation projections. Investors await incoming data to form further expectations on the timing of the easing cycle. PCE figures for February are due on Friday, and will be key to Greenback price action. The US Dollar Index is currently trading with mild gains at 104.3, a level close to Friday's peak of 104.50.
The flatness of the indicators comes after a 1% winning week, which may push the Index into a consolidation phase as investors await new fundamental drivers. In the meantime, if the Index holds above its main SMAs, the outlook will be bright. Fed FAQs What does the Federal Reserve do, how does it impact the US Dollar? Monetary policy in the US is shaped by the Federal Reserve . The Fed has two mandates: to achieve price stability and foster full employment.
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