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BREAKING: Bowman in favor of one more interest rate hike! USDIDX at 10-month highs

4:14 PM 2 October 2023

Michelle Bowman warns that it will "probably be appropriate" to continue raising rates and keep them at restrictive levels for some time. The banker added that inflation remains too high, and she still sees a risk that high energy prices could reverse recent progress against rising prices in the economy. 

The EURUSD pair is trading at last week's minima. The USDIDX dollar index has broken out to 10-month highs.

Source: xStation 5

Source: xStation 5

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