U.S. Dollar Unwinds Loss as Powell Pushes Back on Rate Cuts

Core Viewpoint - The U.S. Dollar has rebounded following the Federal Reserve's decision to cut interest rates, which was characterized as a "risk-management cut" aimed at balancing inflation risks and softening employment growth [2]. Group 1 - The U.S. Dollar Index increased by 0.2% to 96.84, reversing its initial decline after the Fed's announcement [1]. - The Federal Reserve's rate cut reflects a cautious approach to managing economic risks, particularly concerning inflation and employment [2].