First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2023/06/16/fed-claims-it-can-resume-rate-hikes-while-doubts-grow-002760
As the Federal Reserve begins to back off on tightening, the U.S. dollar is becoming increasingly vulnerable to selling. The Fed left its benchmark interest rate unchanged at just above 5% at this week's policy meeting. It was the first time in over a year that central bankers decided not to hike.
