Hawkish Fed Sends Dollar to Two-Month High
Hyperdash NewsFXThe dollar held near a two-month high on Wednesday, with the dollar index reaching 100.56. This followed hawkish comments from Federal Reserve officials, which have increased expectations for further rate hikes to combat inflation. Markets are now pricing in a 53% to 54% probability of another Fed rate increase in October.
Richmond Fed President Tom Barkin warned that inflationary shocks could take time to fade, and Boston Fed President Susan Collins supported a recent rate hike, citing concerns that future inflation could remain above the 2% target. 
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