FED UNCERTAINTY CLOUDS DOLLAR OUTLOOK MUFG warned the dollar outlook has deteriorated after the Fed left rates unchanged and provided little

FED UNCERTAINTY CLOUDS DOLLAR OUTLOOK MUFG warned the dollar outlook has deteriorated after the Fed left rates unchanged and provided little clarity on its policy path. The bank said rising inflation expectations and fading confidence in the Fed could steepen the yield curve, with long-term yields rising faster than short-term rates—a pattern that has historically weighed on the U.S. dollar.