Money Supply Rose for the Ninth Month in April as the Fed Again Leans Dovish

Money Supply Rose for the Ninth Month in April as the Fed Again Leans Dovish

Contrary to the narrative pushed by those who want more easy money, there is no monetary deflation or disinflation and the money supply continues to grow.

US Dollar Index edges lower as Fed officials adopt a dovish tone

The US Dollar Index (DXY) is edging lower after a strong start on Monday as markets monitor the risks of an Iranian retaliation against the United States (US) and look ahead to Federal Reserve (Fed) Chair Jerome Powell’s upcoming testimony on Tuesday.

US Dollar Forecast: DXY Retreats from 50-Day Average as Fed Dovish Shift Hits Sentiment

DXY rallies on Iran tensions, but retreats from 50-day average as Fed signals rate cuts. Powell testimony and oil trends now key for dollar traders.

Dollar Pressured by Dovish Fed Comments

The dollar index (DXY00 ) on Monday fell by -0.33%. The dollar on Monday dropped from a 3-week high and turned lower on dovish Fed comments. Fed Governor Bowman and Chicago Fed President Goolsbee said they favored a Fed rate cut at next month’s FOMC meeting. Also, Monday’s rebound in...