Fed's cornered. Either stay hawkish or watch dollar dominance crumble.

No middle ground here. Rates stay elevated or global reserve status gets tested. Simple as that.

The macro setup isn't about inflation anymore—it's about maintaining the $USD as the world's settlement layer.

Every rate cut signals weakness. Every pause gets exploited by BRICS alternatives.

This is the real game playing out behind CPI prints and Powell's speeches.