Dollar News (USD)

The President of the Federal Reserve Bank of Boston, Susan Collins, indicated that the central bank may continue to lower interest rates. However, she highlighted that growing inflation resulting from President Trump's tariff policies could potentially delay this decision.

On Friday, the Bloomberg Dollar Spot Index, which tracks the greenback's performance against major global currencies, dropped to a six-month low. The decline followed massive outflows from US assets amid escalating trade tensions between Washington and Beijing.

According to Chicago Fed President Austan Goolsbee, high levels of uncertainty sparked by aggressive US tariffs make the case for the regulator's wait-and-see approach to monetary policy.

An increase of the indicator value may contribute to the rise in quotes of USD.

A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.

A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.

Economists polled by Bloomberg forecast the consumer price index to grow 0.1% from February, its smallest monthly increase in eight months. The core inflation is seen rising 0.3% on a monthly basis in March.

The minutes of the Federal Reserve's (Fed) March meeting were published yesterday. The US central bank is likely to take a wait-and-see approach amid global uncertainty, Reuters says.

Goldman Sachs economists have rescinded their US recession forecast following President Trump's announcement of a 90-day pause on most new tariffs. However, citing persistent uncertainties, the bank maintained an elevated 45% probability of economic recession within the year.

As Bloomberg notes, Federal Reserve (Fed) officials are ready to keep the key interest rate at a stable level to minimize inflationary risks associated with import tariffs. The regulator prefers not to ease policy even in the face of a slowing labor market.