I think there are a few layers here. First of all, the Fed is clearly behind the curve. And their credibility has been damaged by what has happened with inflation and the monetary policy response over the last few months.
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement.
Oil prices surged nearly 2% on Friday, marking their first weekly gain since mid-April, fueled by optimism surrounding a U.S.-UK trade agreement and upcoming U.S.-China
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