US Inflation Halts Dollar’s Advance
“At present the Fed is proceeding with caution, with stable growth in the labour market being the linchpin of US economic progress. The pullback in inflation does, however, cast a gloomy cloud over America’s interest rate cycle, with Yellen unlikely to hike in the next few months if we are comfortably outside of the 2% target rate,”
Alex Lydall quoted in Currency Watch