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If US core inflation remains sticky, the US dollar may rise.

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#Macro
Odaily
300Words
May 12, 2025

Odaily Planet Daily News: Chris Turner, an analyst at ING, stated in a report that if the US core inflation remains stable in April, the US dollar may receive some support. This would "fuel the narrative that the Federal Reserve is not in a hurry to cut interest rates." The market has reduced its bets on rate cuts this month and pushed the expectation for the next rate cut to September. Economists expect the core inflation rate in April to rise by 0.3% month-on-month, higher than the 0.1% increase in March. (Jin10)

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