US Dollar: Supported by higher yields and FOMC stance – MUFG
By FXStreet Insights Team
Updated: 9 Jul 2026
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MUFG’s Lloyd Chan reports that June Federal Open Market Committee (FOMC) minutes show policymakers increasingly concerned that US inflation could stay elevated, with some seeing a case for a rate hike.
MUFG’s Lloyd Chan reports that June Federal Open Market Committee (FOMC) minutes show policymakers increasingly concerned that US inflation could stay elevated, with some seeing a case for a rate hike. Most participants indicated a restrictive stance may need to be maintained if inflation proves persistent.
FOMC minutes and yield rebound
"The minutes from the June FOMC meeting highlighted growing concern among policymakers that inflation could remain elevated, even as downside risks to the labour market have moderated somewhat."
"While members ultimately supported leaving rates unchanged, a few participants noted that there was a case for a rate hike at the June meeting."
"Policymakers also discussed a range of economic scenarios for the months ahead."
"In the scenario where inflation remains persistent, most participants indicated that a restrictive policy stance would likely need to be maintained."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
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