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Dollar Slips and Gold Posts a Record High on Fed Rate-Cut Prospects
Yahoo Finance·2025-09-22 22:43

The dollar index (DXY00) today fell from a 1-week high and is down by -0.12%.  The dollar is under pressure on the outlook for easier Fed policy, with the FOMC expected to cut interest rates by another 50 bp this year.  The dollar found support today on hawkish comments from St. Louis Fed President Alberto Musalem and Atlanta Fed President Raphael Bostic, who said they see limited room for additional Fed interest rate cuts. The dollar is also being undercut by concerns over Fed independence, which could p ...