Powell is cautious about interest rate cuts, and the dollar index rose to 97.45

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell has a cautious attitude towards the prospect of future interest rate cuts, which subsequently strengthened the dollar. He stated that there are risks regarding employment and inflation, and did not provide a clear signal on whether to cut rates at the October meeting. Powell pointed out that if the rate cut is too large, it will leave the work of tackling high inflation unfinished, and may require raising rates later. Today, the dollar index DXY rose by 0.24%, reporting at 97.45.