US Dollar Outlook Bullish On FOMC As Virus-Induced Recession Risks Swell
April 25, 2020 at 16:18 PM EDT
Overnight index swaps are not pricing in a rate cut at the upcoming FOMC meeting on April 29, though the subsequent press briefing may induce cross-asset volatility. The US Dollar may rise if Jerome Powell paints a worrisome picture for growth.
