Dollar Likely Supported by Sticky U.S. Inflation, Hawkish Fed Signals -- Market Talk
Dow Jones06-04 09:18
0118 GMT - The dollar is likely supported by sticky U.S. inflation and hawkish Fed signals on monetary policy, StoneX's Matt Simpson says in commentary. The prices-paid component of the ISM's PMI for U.S. services providers released overnight rose to nearly four-year high in May, the senior market analyst notes. This is a reminder that inflationary pressures remain "alive and well," Simpson says. Also, Dallas Fed President Logan warned the central bank may need to raise rates later this year, he says. The U.S. dollar index is 0.1% lower at 99.467, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 03, 2026 21:18 ET (01:18 GMT)
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