Dollar Rebounds as Fed Waller’s Hawkish Warning and Hot CPI Lift Fed Rate Expectations
Waller’s Hawkish Policy Warning Was Reinforced by Stronger-Than-Expected US Inflation Data, Pushing Markets to Price a Faster Pace of Fed Tightening What’s happening: Dollar rebounded broadly on Tuesday after Fed Governor Christopher Waller said a 50bps hike should be considered if core CPI stays around 0.3% mom or higher, and October CPI then delivered core…