The US dollar returns profits after Powell’s comments

• The Federal Reserve keeps interest rates without changes in 4.5%, aligning with market expectations.
• The FOMC points graph indicates feat cuts, with the medium forecast by 2025 reviewed down to 3,375%.
• The DXY cuts daily profits after Powell highlights uncertainty in economic forecasts and policy adjustments.

The American dollar index (DXY) initially gained land about 104.00 after the Federal Reserve decided to maintain its reference interest rate by 4.5%, maintaining a cautious posture in the midst of the evolution of inflation and economic conditions. The last FOMC points graph revealed that those responsible for policies expect a median rate of 3,875% for the current period, lowering from the previous one of 4,375%, reinforcing the expectations of future feat cuts.

Looking ahead, the Fed reviewed its rate forecast by 2025 down to 3,375%, a sign of a possible relief of politics in response to the slower economic growth and high inflation projections. GDP expectations for 2025 have been degraded to 1.7%from 2.1%, while unemployment is now expected in 4.4%, suggesting a softer perspective for the labor market. In addition, the Fed announced a slower rate of reduction of its balance as of April, adjusting its quantitative hardening approach.

However, the US dollar index cut part of their profits after the press conference of the president of the Federal Reserve, Jerome Powell. Powell recognized the growing uncertainty in economic forecasts and emphasized that politics is not in a pre -established course. He reiterated that the Fed is not in a hurry to adjust the rates, preferring to wait more clarity about economic conditions.

Powell also addressed concerns about inflation, noting that assets inflation has increased and that the impact of tariffs remains difficult to evaluate. Although it minimized the immediate implications of policy of tariff increases, he admitted that there is uncertainty about its effect on price pressures. His comments reinforced the Fed -dependent approach, which caused a slight setback in the US dollar. Meanwhile, in the daily chart, the Fed feeling index remains in moderate terrain, which seems to be adding pressure to the USD.

DXY DAILY GRAPH