Will US data throw more Fed rate cuts off the table? The dollar staged a strong recovery the last couple of weeks, with the bulls being encouraged to initiate long positions as soon as the US CPI data revealed that inflation in the world’s largest economy reaccelerated in March. With several Fed policymakers, including Chair Powell, signaling in the aftermath of the release that there is no urgency to ease monetary policy soon, and with retail sales coming in much stronger than expected on Monday, investors further reduced the amount of rate cuts they expect for this year. They are now expecting interest rates to be ... (full story)