Federal Reserve´s Kashkari: We have to bring down inflation
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Minneapolis Federal Reserve President Neel Kashkari said the United States has very high inflation, but it’s not being driven by wages.
The DXY, an index that measures the US Dollar vs. a basket of currencies, dropped on Thursday on easing fears about banking sector troubles, encouraging economic signs from the chip industry and rising oil prices. On the weekly DXY chart, the US Dollar is closing in on support and the M-formation, a reversion pattern, could hold up the price from moving much lower at this juncture.
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