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The dollar index rose yesterday ahead of the Trump speech to Congress and is hanging on to gains
after hitting a 7-week high, despite the speech being “long on promises but short on detail,” as Reuters puts it.
The FT reports the Fed trumped Trump--the bigger news was NY Fed Pres Dudley saying we don’t need to wait for fiscal plans—the case for the March hike is “more compelling.”
The FT writes “The probability of a rate increase in March climbed to 74 per cent on Tuesday afternoon, shortly …
after hitting a 7-week high, despite the speech being “long on promises but short on detail,” as Reuters puts it.
The FT reports the Fed trumped Trump--the bigger news was NY Fed Pres Dudley saying we don’t need to wait for fiscal plans—the case for the March hike is “more compelling.”
The FT writes “The probability of a rate increase in March climbed to 74 per cent on Tuesday afternoon, shortly …