Dutch International Group: The Federal Reserve may delay interest rate cuts, benefiting the US dollar

According to a report by Jinshi, Chris Turner, Global market Director of ING Group, stated that due to persistent high inflation, the Federal Reserve may delay its expected rate cut. This could lead to a decline in the stock market, which may benefit the US dollar. In recent months, despite investors significantly lowering their expectations for rate cuts, the increase in the US dollar as a safe-haven currency has been limited due to rising stock markets. He predicts that as the Federal Reserve announces that interest rates will remain at higher levels for a longer period of time, there will be selling pressure in the stock market. This should "prove that the US dollar will be a bull market story."