The Potential Turning Point for the US Dollar The long-anticipated shift in the US dollar’s trajectory might finally be happening. The current mix of tight monetary policy and loose fiscal policy is ending. For the past three months, inflation pressures have moderated, boosting the confidence of Federal Reserve officials that inflation is heading back towards its 2% target. At the July FOMC meeting, Federal Reserve Chair Powell strongly hinted at a potential rate cut in the next meeting. This expectation …