Dollar Index Completes Double Bottom, Targets 100.59 as Markets Look Beyond Fed’s 4.1% 2027 Median

The Dollar Index confirmed a double-bottom reversal after Wednesday’s 25bp hike, with the 2-year Treasury yield and a weaker Dow reinforcing the signal that markets are pricing roughly 100bp of tightening—well beyond the Fed’s own 4.1% median through 2027.

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