Dollar Could Rise if Fed Surprises by Raising Rates
Dow Jones
4 hours ago
1130 GMT - The dollar could resume appreciating if the Federal Reserve surprises markets with an interest-rate rise on Wednesday, MUFG Bank's Lee Hardman says in a note. "We have been assuming that the Fed would leave rates on hold this week but one can't completely rule out the possibility of a rate hike," he says. A rate rise would send a powerful signal that Fed Chair Kevin Warsh is serious about improving the central bank's inflation fighting credibility at the start of his term, he says. The DXY dollar index falls 0.2% to 101.316. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
July 27, 2026 07:30 ET (11:30 GMT)
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