Mars Finance News, Chris Turner, an analyst at ING Group, said in a report that if the US core inflation remains stable in April, the US dollar may receive some support. This would "bolster the argument that the Federal Reserve is not in a hurry to cut rates". This month, the market has reduced bets on rate cuts and pushed back expectations for the next rate cut to September. Economists expect the core inflation rate to rise 0.3% month-on-month in April, higher than 0.1% in March. (Jinshi)
Dollar could rise if US core inflation remains sticky
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