The US dollar is under pressure after the Federal Reserve's recent rate cut, with further cuts expected as inflation continues to decline.
Comments from Federal Reserve members are weighing on the currency, suggesting that the Fed could support the economy with additional interest rate cuts if necessary.
The core PCE report, which is the Fed's preferred inflation gauge, will be closely watched, as any surprises could influence U.S. bond yields and the dollar.
Traders are anticipating significant rate cuts by 2025, keeping bond markets sensitive to inflation shifts and signals from the Fed.
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