Dollar Taking No Prisoners As Fed’s Hawkish Cut Spooked Markets!

There was always going to be a question about the Fed’s December decision, would they react to the latest data, or position ahead of the Trump 2.0 policy set coming in 2025? Well, it looks like both were in the minds of the Monetary Policy committee, as Federal Reserve officials lowered their benchmark interest rate for a third consecutive time, but reined in the number of cuts they expect in 2025, signaling greater caution over how quickly they can continue reducing borrowing costs. The Federal Open Market Committee voted 11-1 on Wednesday to cut the federal funds rate to a […]