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2026-02-17 23:06:11
The dollar strengthened after the President's Day holiday. Chicago Fed President Goolsby stated on a program that tariffs have pushed up inflation. While he believes this effect is temporary, more time is needed to determine its true extent. According to the Chicago Mercantile Exchange (CME), the market widely expects the Fed to keep interest rates unchanged in March and April and cut rates in June. Inflation, GDP, and labor market indicators will be released this week. Bass Kuiman of DHF Capital wrote that "caution is likely to dominate the market" ahead of the data releases. He stated that personal consumption expenditures (PCE) and GDP data "may recalibrate market expectations for short-term U.S. monetary policy." The dollar index rose 0.2%, and the dollar rose 0.3% against both the euro and the Swiss franc.
