Currencies Underperform In 2024

The big story in financial markets in 2025 is going to be about the direction of Fed policy.

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The big story in financial markets in 2025 is going to be about the direction of Fed policy. Investors will want the Fed to get back to thinking about more rate cuts than less in 2025. At the moment, Fed funds futures are pricing 38 basis points of cuts in 2025.

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