ING predicts moderate hawkish surprise by the Fed could lead to a potential recovery of the dollar
ING, a leading global bank, has predicted that a moderate hawkish surprise by the Federal Reserve could lead to a potential recovery of the dollar. The prediction comes as the US central bank is set to hold its policy meeting this week, where it is widely expected to signal a shift towards a more hawkish stance.The Fed has been under pressure to address rising inflation and the potential threat it poses to the US economy. Inflation has been running at its highest level in over a decade, fueled by a