The dollar index held just above 97 on Wednesday, stabilizing after sharp swings in the previous session, as investors awaited the minutes from the Federal Reserve’s latest policy meeting for clearer guidance on the future path of interest rates. Markets are also closely watching Friday’s release of the PCE Price Index, the Fed’s preferred gauge of inflation. Later this week, GDP figures are expected to confirm another quarter of economic growth. The policy outlook remains uncertain after last week’s combination of stronger-than-expected labor market data and subdued inflation figures. On Tuesday, Fed Governor Michael Barr said interest rates should stay on hold for an extended period until policymakers gain greater confidence that inflation is moving sustainably toward the central bank’s 2% target. On the geopolitical front, the US and Iran agreed on key “guiding principles” in a second round of indirect talks over Tehran’s nuclear program, although a comprehensive deal is not anticipated in the near term.