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USD, yields jolted as Fed hesitant to be ‘over-easy’ ahead of Trump 2.0
The Fed cut their interest rate by 25bp as expected, although the cut was little surprise given Fed fund futures had implied a near 100% probability of it this week. They will depend on incoming data to decide whether to cut in December, which is all but certain given Powell cited a “strong economy” and that it’s “remarkable how well it has been performing”. As I’d hypothesised earlier this week, it was not a particularly dovish cut. And that resulted with an inevitable pullback in yields and USD, allowing Wall Street indices to reach new record highs. The 2-year yield formed a bearish inside day after ... (full story)
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- Posted: Nov 8, 2024 12:11am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 5,098
