What Does the Latest US Inflation Report Mean for the US Dollar?
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The latest inflation report for March showed consumer prices soaring by 3.5%, way above expectations. This means the Federal Reserve will keep interest rates high for longer to fight inflation. As a result, the US dollar is expected to remain strong for a while longer. Analyst firms predict that a rate drop won't happen until late summer or September. Other central banks may start cutting rates before the Fed does, making the USD a rival. In the short term, expect heightened volatility and intricate market movements.

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