Dollar Index Completes Double Bottom, Targets 100.59 as Markets Look Beyond Fed’s 4.1% 2027 Median
TL;DR: 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. The clearest verdict on the Federal Reserve’s first rate hike since July 2023 came from…