Category: fed-rate-cuts-forecast

October’s Goldilocks inflation report sparked the biggest sell-off in the dollar all year as investors eye looser Fed policy

Newsbreak 3 weeks ago in Around The World, Breaking News, dollar-outlook, dxy, fed inflation, fed-interest-rates, fed-rate-cuts-forecast, Inflation, inflation-outlook, interest-rates-outlook, Markets, MI Exclusive, US Dollar, US Economy and Markets, us-dollar-index 0

The USD slipped lower after inflation came in cooler-than-expected in October. Thomson Reuters The US dollar saw its biggest sell-off so far in 2023 following the October inflation report, BofA said.  The dollar index has slid 2% since peaking at around 107 in early October. Investors are expecting the Fed to start loosening monetary policy in 2024.  The drop in inflation in October fueled the…