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The dollar index (DXY00) Friday rose slightly by +0.07%. The dollar saw support from hawkish Fed comments and negative inflation news, which sparked a +4.9 bp rise in the 10-year T-note yield to 4.502% and reduced Fed rate-cut expectations. Hawkish Fed comments Friday boosted T-note yields and supported the dollar. Fed Governor Michelle Bowman said Friday the Fed must maintain its inflation credibility “by proceeding carefully and deliberately to achieve our 2% goal.” She said the Fed needs to keep rates where they are “for a bit longer.” Also, Atlanta Fed President Raphael Bostic told Reuters…

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