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Dollar soars on hot inflation data, doubts about Federal Reserve cuts

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15 April 2024

Written by
Enrique Díaz-Álvarez

Chief Risk Officer at Ebury. Committed to mitigating FX risk through tailored strategies, detailed market insight, and FXFC forecasting for Bloomberg.

The March CPI inflation report delivered yet another nasty surprise for the Federal Reserve, coming in above expectations and confirming that the disinflationary trend of 2023 has completely stalled, and perhaps even partially reversed. Find out more in our weekly report below.