TD Securities: Fed's Decision to Keep Rates Unchanged May Lead to Dollar Weakness

By: rootdata|2026/07/28 15:02:26

TD Securities strategists stated in a report that if the Federal Reserve maintains its interest rates, the dollar may weaken. While rates are expected to remain unchanged, Fed officials Harker and Logan are likely to dissent in favor of a rate hike. Nevertheless, due to the intact expectations for a Fed rate hike in 2026, the dollar's short-term weakness may be limited. TD Securities anticipates that Waller will not provide forward guidance but will reaffirm the commitment to price stability and may point out the recent decline in inflation data while suggesting that inflation remains elevated.

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