US Dollar dips as Fed seen more likely to tolerate inflation

From reuters.com

The U.S. dollar fell from 2018 highs set earlier on Wednesday after the Federal Reserve indicated it may allow inflation to run above its 2 percent target, raising concerns that monetary accommodation will stay loose even as they hike rates.The U.S. central bank held interest rates steady and in a statement following the end of a two-day policy meeting said that inflation had “moved close” to its target and that “on a 12-month basis is expected to run near the Committee’s symmetric 2 percent objective over the medium term.” “Markets are pretty much focused on the symmetric language, that’s kind of code ... (full story)