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Fed and Trump Trade Drive Dollar to Best Quarter Since 2016

(Bloomberg) -- The dollar is headed for its best quarter since 2022, with the currency climbing to a two-year high this week as a resilient US economy and a hawkish Federal Reserve outlook have bolstered its appeal.Most Read from BloombergReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisMexico City to Boost Mobility, Security Ahead

Treasuries Gain as Key Fed Inflation Figures Trail Estimates

(Bloomberg) -- US Treasuries were off their sessions highs late on Friday after a closely watched batch of inflation data came in below expectations, leading traders to lift the outlook for Federal Reserve interest-rate reductions next year.Most Read from BloombergReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisMexico City to Boos