The moderate rise in monthly inflation for March suggests inflationary pressures persist in the US, notably in housing and utilities, indicating entrenched inflation in certain economy sectors.
The Federal Reserve's indication of keeping interest rates elevated reflects a commitment to combat inflation, likely maintaining a hawkish policy stance for price stability.
Expectations of the Fed maintaining high interest rates may limit market expectations for rate cuts, potentially supporting the USD as investors adjust their positions.
While persistent inflation and Fed policy tightening may boost the USD in the short term, market sentiment and economic data will continue to influence its trajectory moving forward.
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