Dollar - Fed Reaction towards market

One trader tuning in on the recent Fed chatter in the market and argues that while recent PPI and CPI data have been benign, the housing data suggest that the Fed may have already gone too far in its tightening cycle. That trader disagrees with the notion that the Fed needs to remain vigilant on rates/inflation, with a tightening bias. "The Fed is done," that trader declares, adding that it is also possible that the ECB and BOE may also not need to tighten further from here, given recent data that shown benign inflation and patchy economic performance in those rate areas.

Market Buzz Above. For further insight.

Around 5 minutes for Philly Fed, shall see how USD reacts after it.