Economists at Rabobank expect the Fed to hold rates at their peak level until 2024. Thus, the US Dollar is set to to find support, though this may not be this week.
Labour market conditions remain tight
“In our view, the Fed is likely to hold rates at their peak until 2024 in order to squeeze out too high services sector inflation. Assuming the market adjusts in line with our outlook, the USD is likely to find support, though this may not be this week.”
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