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Musalem said the US economy is pretty robust and that he expects above-potential growth.Gains in the dollar were limited after Tuesday’s news showed that US December core consumer prices rose less than expected, a dovish factor for Fed policy.  The dollar still has some negative carryover from Monday, amid concerns over Fed independence, after Fed Chair Powell said the Justice Department’s threat of criminal charges against the Federal Reserve over his June testimony on Fed headquarters renovations is the consequence of the Fed not going along with President Trump’s calls for lower interest rates.What Was Missing From Markets Tuesday Morning?Precious Metals in Q4 and 2025- What are the Prospects for Q1 2026 and Beyond?Dollar Gains on Yen Weakness and Hawkish Fed CommentsOur exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today!US Dec CPI was unchanged from Nov at +2.7% y/y, right on expectations.  Dec core CPI was also unchanged from Nov at +2.6% y/y, a smaller increase than expectations of +2.7% y/y.US Oct new home sales fell -0.1% m/m to 737,000, stronger than expectations of 715,000.St. Louis Fed President Alberto Musalem said the US economy is pretty robust and he expects above-potential growth, and that it is unnecessary and unadvisable for the Fed to take an accommodative stance.The markets are discounting the odds at 3% for a -25 bp rate cut at the FOMC’s next meeting on January 27-28.The dollar continues to see underlying weakness as the FOMC is expected to cut interest rates by about -50 bp in 2026, while the BOJ is expected to raise rates by another +25 bp in 2026, and the ECB is expected to leave rates unchanged in 2026.The dollar is also under pressure as the Fed boosts liquidity in the financial system, having begun purchasing $40 billion a month in T-bills in mid-December.  The dollar is also being undercut by concerns that President Trump intends to appoint a dovish Fed Chair, which would be bearish for the dollar.  Mr. Trump recently said that he will announce his selection for the new Fed Chair in early 2026.  Bloomberg reported that National Economic Council Director Kevin Hassett is the most likely choice as the next Fed Chair, seen by markets as the most dovish candidate.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,975.50 +9.25 (+0.13%)Dow Futures49,326.00 -30.00 (-0.06%)Nasdaq Futures25,718.50 +87.50 (+0.34%)Russell 2000 Futures2,669.80 +3.70 (+0.14%)VIX16.51 +0.53 (+3.32%)Gold4,607.80 -27.90 (-0.60%)Trending tickersTSM Taiwan Semiconductor Manufacturing Company Limited 327.11 -4.10 (-1.24%)BTC-USD Bitcoin USD 96,351.17 +1,212.71 (+1.27%)ROLR High Roller Technologies, Inc. 18.89 +15.37 (+436.65%)ASML ASML Holding N.V. 1,263.72 -6.44 (-0.51%)MDB MongoDB, Inc. 386.89 -24.30 (-5.91%)PortfolioSign in to access your portfolioSign inTop gainersCRML Critical Metals Corp. 17.93 +4.41 (+32.58%)BTDR Bitdeer Technologies Group 14.76 +1.99 (+15.58%)EWTX Edgewise Therapeutics, Inc. 28.17 +3.22 (+12.91%)LUNR Intuitive Machines, Inc. 19.76 +2.19 (+12.46%)VKTX Viking Therapeutics, Inc. 34.34 +3.65 (+11.89%)Top losersTCOM Trip.com Group Limited 62.78 -12.90 (-17.05%)DAVE Dave Inc. 185.46 -26.26 (-12.40%)VIA Via Transportation, Inc. 24.05 -2.82 (-10.49%)PSO Pearson plc 12.99 -1.40 (-9.73%)NAVN Navan, Inc. 15.66 -1.59 (-9.22%)Most activeNVDA NVIDIA Corporation 183.14 -2.67 (-1.44%)INTC Intel Corporation 48.72 +1.43 (+3.02%)BBAI BigBear.ai Holdings, Inc. 6.26 +0.17 (+2.79%)ONDS Ondas Holdings Inc. 13.56 -0.33 (-2.38%)PLUG Plug Power Inc. 2.3500 +0.0700 (+3.07%)Top economic eventsEarnings eventsMy earnings eventsEarnings events