Yes… this matters for the US dollarDollar IndexBLACKBULL:DX.FBlackBull_MarketsNew York Fed President John Williams said he expects #inflation to remain “well above” 3% in the near term. Though exactly how "well above” is up for interpretation. Could it mean something modestly above March’s 3.3% #CPI reading? Or are we talking 4% or 5%? Williams also flagged cyber risk as his biggest systemic concern. Last week, Treasury Secretary Scott Bessent and Fed Chair Jerome Powell reportedly held a meeting with major bank CEOs to warn them about the cybersecurity risks tied to Anthropic’s #Mythos model. Whether it's a real risk or not, it's great marketing for Anthropic. Fed Governor Stephen Miran has also started to sound less #dovish. Miran, who was appointed to the Fed basically to help fulfil #Trumps agenda of lower interest rates, said he may scale back his rate cut outlook because inflation developments have become less favourable. #Reuters reported that he had already moved from expecting four cuts this year to three, due to the supply shocks caused by the closure of the Strait of #Hormuz.