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Karl Schamotta, the Federal Reserve's resistance to pressure drives the dollar up
According to Jinshi reports, market strategist Karl Schamotta stated that the Federal Reserve kept interest rates unchanged and made relatively minor adjustments in its policy statement, indicating that officials plan to adhere to long-standing monetary policy principles, ignoring the current global economic impact of energy prices. This signal shows that the Fed, led by Powell, believes that rising energy prices will have a destructive impact on the U.S. economy in the short term, with interest rate expectations remaining stable at the front end of the yield curve, further driving up the dollar.
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