HSBC: The US dollar is unlikely to rise significantly unless the Federal Reserve raises interest rates

According to Jinshi, HSBC economist Paul Mackel stated in a report that unless the Federal Reserve unexpectedly raises interest rates, its decision this week may not provide a new catalyst for the dollar to rise.

Federal Reserve Chairman Waller acknowledged that inflation is above target and expressed a commitment to price stability. He pointed out that if this week's meeting only aligns with these views, the dollar is unlikely to rise significantly, as the market has already prepared for interest rate hikes later this year.