Fed’s Cautious Cut Sparks Market Swings

The U.S. dollar briefly rallied after the Federal Reserve’s 25bps rate cut to a 4%–4.25% range, but retreated as markets anticipated further easing, with two more cuts projected for 2025.

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The U.S. dollar briefly rallied after the Federal Reserve’s 25bps rate cut to a 4%–4.25% range, but retreated as markets anticipated further easing, with two more cuts projected for 2025.

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