The dollar declined sharply after President Trump criticized the U.S. Federal Reserve’s rate hike paths, saying that he had expected the Fed chair Jerome Powell to be a ‘cheap-money’ central banker and he is disappointed that he has followed through his predecessor in hiking rates. The dollar index has declined to 95.6 area as of today from 97.06 area, after President Trump’s comment on rate hikes.
However, rates market don’t seem that impressed by President Trump’s comment and they are pricing that the U.S. Federal Reserve would move ahead with its rate hike plans despite the President’s opposition.
The market is currently pricing 96 percent chance of a rate hike in September compared to 93.6 percent before the President’s comment and the market is pricing the fourth rate hike with 62.8 percent probability compared to 65.4 percent probability before the President’s comments.


Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness
ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook
Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 



