US macro data supports high-for-longer rates The US Dollar's structural support remains intact due to strong US macro data. Personal Consumption Expenditures Price Index inflation rose to 4.1% year-over-year in May. The data mix suggests a resilient growth
US macro data supports high-for-longer rates
The US Dollar’s structural support remains intact due to strong US macro data.
Personal Consumption Expenditures Price Index inflation rose to 4.1% year-over-year in May.
The data mix suggests a resilient growth backdrop alongside sticky inflation, with initial jobless claims easing to 215k.
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