Conference Board consumer confidence data for September missed expectations.
Fed speakers are battling the current market’s dovish expectations.
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, posted some losses on Tuesday after the release of the Conference Board’s Consumer Confidence data. In the meantime, Federal Reserve (Fed) officials seem to be trying to push back on the market’s aggressive dovish bets.
The US economy exhibits mixed signals with indications of both a slowdown and ongoing resilience. Economic activity appears to be moderating, but some sectors remain strong. The Fed has indicated that the trajectory of its monetary policy will be guided by the evolving economic data, suggesting that the pace of rate adjustments will depend on the incoming information.
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