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Market Impact: 0.35

Hawkish Fed Chair Warsh Boosts the Dollar and Sinks Gold

Source: Nasdaq

Monetary PolicyInflationInterest Rates & YieldsCurrency & FX

The dollar index (DXY) surged to a 2-week high and finished up +0.61% on hawkish comments from Fed Chair Warsh. Warsh said inflation is not meaningfully slowing and that policymakers will bring it back to the 2% target, increasing expectations for tighter policy.

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