Analysis: The unusual dollar trend may be another reason why Powell is cautious about rate cuts
Odaily News According to foreign media analysis, under the influence of the tariff policy, Federal Reserve Chairman Powell insisted on waiting for more evidence before cutting interest rates to show that inflation has not soared. In addition, another reason why Powell needs to be cautious is that the trend of the US dollar is extremely abnormal. Before the tariff policy was announced, the market generally expected that tariffs would strengthen the US dollar. But the reality is that the US dollar is depreciating. Since Liberation Day on April 2, the US dollar index has fallen 6.8%, and has fallen about 10.4% so far in 2025, the worst year-to-date performance in at least 25 years. The persistent weakness of the US dollar is more likely to have a significant impact on the economy, including consumer prices. (Jinshi)
You may also like

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

Former SpaceX engineer reconstructs the financial execution system using first principles

Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD

The interim executive director of the Ethereum Foundation speaks out: What is our mission?

Why does OKX want to start a new company with the parent company of the New York Stock Exchange?

Why Is PAXG Price Different From Gold? 5 Reasons Crypto Traders Should Know

WEEX OpenAPI 101: 5 Powerful Modules, AI Trading Tools, and Grab Up to 70% Revenue Opportunities
Learn how WEEX OpenAPI connects traders, developers, AI agents, and trading platforms. Discover WEEX API features, Binance-compatible integration, automated trading workflows, revenue opportunities, and ecosystem possibilities.

Interview with NDV Founder Jason Huang: Popping the AI Bubble and the Myth of Microstrategy, Seeking the Ultimate Ace in the Crypto Market

Morning Report | Former Ethereum Foundation researcher establishes Ethlabs; EU Parliament Economic Committee passes digital euro regulatory proposal

Dragonfly partner Haseeb: The fastest-growing companies in the future may all be stuck at 149 people

How xBubble Breaks the Deadlock in VC's Heavy Investment in the OPC Economy

The encrypted unicorn Blockstream is deeply embroiled in a serious fraud case

Morning Report | The South Korean Financial Services Commission plans to expand the regulatory sandbox to include virtual assets; the parent company of the New York Stock Exchange, ICE, has reached a partnership with OKX to jointly establish a cryptocu...

Exclusive Interview with Strategy CEO: Putting Aside the Sale of 32 BTC, the 60 Trillion AI Intelligence is the Ultimate Fate of Bitcoin

