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post: FED'S KASHKARI: THE US LABOR MARKET HAS SOFTENED, BUT REMAINS TIGHT. post: FED'S KASHKARI: WAGE GROWTH IS STILL QUITE ROBUST RELATIVE TO THE 2% GOAL. post: FED'S KASHKARI: I DON'T THINK ANYONE HAS TAKEN RATE INCREASES OFF THE TABLE. post: FED'S KASHKARI: IF SURPRISED BY THE DATA, THE FED WILL DO WHAT WE NEED TO DO. post: FED'S KASHKARI: POLICY IS RESTRICTIVE BY MOST MEASURES, BUT NOT ALL.
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The US dollar index is currently down -1.7% in May, which has effectively seen it wipe off April’s gains and snap a 4-month rally. The last time the dollar rose for four months was just ahead of the 2022 high, and if history were to repeat it points to another couple of months of the dollar’s decline and for bearish momentum to accelerate. As things stand, ...
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