Even though if you notice today this drop on US dollar and expectation for the Fed minutes and Jerome Powell’s speech, I believe the markets are pricing a dovish surprise. I highly doubt it is the right time for it, but that is what the markets are pricing right now.
Fed’s Waller, leaning against March cut, sees easings later in year
Federal Reserve Governor Christopher Waller opposes a rate cut at the upcoming policy meeting. He suggests future cuts are possible if inflation pressures decrease. Waller