— CNBC's Sarah Min and Alex Harring contributed to this reportPhiladelphia Fed President Patrick Harker said Wednesday that he's leaning toward not raising rates at the central bank's June meeting.
"I am in the camp increasingly coming into this meeting thinking that we really should skip," Harker said. To be sure, he added that Friday's jobs report could change his mind. Following those comments, theDollar index reaches highest levels since Marchreached a fresh high of 104.361 Wednesday morning, marking its highest level since March 16. It pulled back slightly to 104.28 as of 9:52 a.m. ET.
The index, which weighs the U.S. greenback against a basket of currencies, is up 2.73% month to date, putting it on pace for its best month since September 2022, when it rose 3.14%.
Source: News Formal (newsformal.com)
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