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2026-09-17 09:16:09
[Monex USA: Fed Rate Hike Benefits Dollar, But Insufficient Policy Differentiation Makes Significant Rise Difficult] (1) Juan Perez of Monex USA stated that the Fed rate hike is beneficial to the dollar, but there may not be enough central bank policy differentiation to drive the dollar significantly higher. (2) He said that other official policymakers will follow the Fed's lead because they believe that inflationary pressures are inevitable and that it is necessary to raise interest rates, especially considering the impact of the Middle East war on energy. (3) Perez believes that although Fed Chairman Warsh seems to prefer a "laissez-faire" approach, he still faces domestic opposition, namely the US Treasury's intervention to provide liquidity to the bond market and its determination to intervene in foreign exchange, especially to help the yen.
