Dollar drops after U.S. inflation data, jobless claims

“Markets are doubling down on ‘soft landing’ bets this morning after U.S. consumer inflation slowed as expected, reducing the need for further monetary tightening from the Federal Reserve,” wrote Karl Schamotta, chief market strategist, at Corpay, in a research note after the data. Read the CNBC article here: https://lnkd.in/griGhAmc