Tariff Announcement Date?
US Dollar Holds Steady Ahead of Potentially Turbulent Trading Day
The US dollar is showing modest strength in early trading, though activity remains subdued as markets brace for what could be a highly eventful session in North America.
Today’s economic calendar is packed, featuring key releases such as the PCE inflation index, an initial estimate of fourth-quarter GDP, February’s preliminary PMI figures, and the University of Michigan’s final consumer sentiment reading for the month.
Adding to the anticipation, the Supreme Court is set to issue several decisions, including a possible ruling on the president’s authority to enact broad tariffs under emergency powers. Market indicators reveal that most participants expect the court to overturn many of the tariffs previously justified by these emergency measures.
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