U.S. Dollar Falls After Hot CPI as Fed Officials Push Back

The U.S. dollar index fell after a hot CPI report as Federal Reserve officials pushed back on bets for an October rate hike. Michael Boutros, StoneX Media Senior Market Analyst, walks through the U.S. dollar's reversal across the weekly, daily and four-hour charts. Federal Reserve officials Mary Daly, Michelle Bowman and John Williams signaled no urgency to tighten in October, and fed funds futures pared back hike expectations. The 10-year and 30-year Treasury yields turned lower from technical resistance, on track for their largest weekly drop since February. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share 00:00 - Hot CPI Ignites Fed Hike Bets 00:40 - Fed Officials Say No Rush 01:00 - Fed Funds Futures Swing Back 01:27 - Treasury Yields Turn Lower 02:05 - Dollar Index Hits Major Wall 04:49 - Overbought Dollar Loses Steam Like and subscribe for more financial market insights. #StoneX #DXY #MichaelBoutros #Forex --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social