Run on the Dollar Stalls after the Market Boosted Odds of another 50 bp Fed Cut
Marc Chandler
September 25, 2024
Overview: Weak US consumer confidence, especially regarding the labor market boosted speculation of another half-point Fed cut in November when the central bank meets again. This weighed on the dollar. Sterling and the Australian dollar rose to new 2 1/2-year highs. The PBOC followed up yesterday's package with a 30 bp cut in the one-year Medi…
Run on the Dollar Stalls after the Market Boosted Odds of another 50 bp Fed Cut
Reviewed by Marc Chandler
on
September 25, 2024
Rating:
Reviewed by Marc Chandler
on
September 25, 2024
Rating:
