Fed’s Musalem urges near-term rate hike as policy remains overly loose

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Nov 8, 2018Canadian dollar hits eight-week low as U.S. Fed affirms rate hike policy - The Globe and Mail+1.0%
• Apr 22, 2022Dollar's rally may be nearing 'tipping point' as Fed readies big hikes | Reuters+2.5%
• Jun 13, 2018Dollar mostly firmer as Fed sees more U.S. rate hikes | Reuters+1.3%
• Jan 28, 2022Sterling hits year low vs dollar on Fed rate hike fears and UK political risks-0.9%
• Aug 5, 2022Sterling tumbles as solid U.S. payrolls data firms Fed rate-hike view-0.9%