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Hawkish risks from Powell signal – ING

ING strategist Francesco Pesole notes the US Dollar (USD) has recovered as United States (US) equities wobble and geopolitical tensions persist. Pesole highlights that higher fuel and airline prices are pushing US Consumer Price Index (CPI) back toward 4%, but the Federal Reserve (Fed) still sees this as a supply shock. Powell’s likely final press conference may lean hawkish, with potential spillovers from big US tech earnings into FX.Fed stance and equities drive Dollar”The dollar…

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