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The market is currently focusing on the Fed's independence, while the US Dollar Index continues its upward trend.
BlockBeats News, August 29th: In the U.S., July PCE inflation data met expectations, driving the continued strengthening of the U.S. dollar. At the same time, the market is closely watching U.S. President Trump's attempt to pressure the Federal Reserve to cut interest rates.
Federal Reserve Governor Waller reiterated a dovish stance. Marc Chandler, Managing Director of Bannockburn Global Forex, stated that in the face of a deteriorating labor market, he supports a September rate cut by the Federal Reserve and advocates disregarding price pressures related to tariffs. (FXStreet)
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