Fed's Collins backs slowdown as support mounts for smaller rate move - NYT

so this is good for USD? )

The bigger the rate move the better for USD generally. So a push for smaller rate hike is probably not good for USD

Only CPI news can turn things around.

Not good for USD! Technically Dollar chart also bearish. Only CPI data will trending the market.

It's only good for stopping out a ton of trades.

IF true this will cause USD to fall.

They want lower USD, they will get it...

It's not so simple. A slower hike doesn't automatically translate into a weaker USD. If a talk of a recession enters the conversation, Wall Street will reframe the risk-on issue into that of buying more US bonds, which in effect makes the USD stronger.

Priced in long ago. Markets are always 2 steps ahead of the Fed.

Doubt

Until the Fed proves the markets wrong.