Core Viewpoint - The report from ING suggests that the core PCE inflation rate, a preferred measure of inflation by the Federal Reserve, may appear relatively mild, indicating ongoing pressure on the U.S. economy with increasing inflation and greater strain on the job market [1] Group 1: Economic Indicators - The latest dollar index price is reported at 97.35, with a slight increase of 0.04% from an opening price of 97.31 [1] - The core PCE inflation rate is expected to show a mild appearance, which may lead to sustained economic pressures [1] - The market's expectations for future monetary policy easing by the Federal Reserve are considered reasonable, with predictions of two more rate cuts this year and two additional cuts in 2026 [1] Group 2: Market Analysis - The dollar index is operating above the middle band of the Bollinger Bands, with the middle band at 97.0287, the upper band at 97.2376, and the lower band at 96.8198 [1] - The price has quickly recovered from a "spike" low of 96.2109, forming a second bounce at around 96.8229, indicating strong buying support below [1]