Created
: 2024.11.08
2024.11.08 04:22
The US Dollar Index (DXY) rebounded somewhat after the Federal Reserve (Fed) cut its benchmark interest rate by 25 basis points, bringing it to 4.50%-4.75%. This followed a larger 50 basis point cut by the Fed at its September 18th meeting.
In a highly anticipated move, the Federal Reserve reduced its Fed Funds Target Range by 25 basis points, bringing it to a 4.50%-4.75% range. This decision aligns with market expectations and suggests the Committee's commitment to achieving maximum employment and inflation at the rate of 2% over the longer run.
While the decision was in line with expectations, it did not provide a clear indication of the future course of monetary policy. The Committee stated that it will continue to assess incoming data and the evolving outlook when making future decisions. However, it did note that the risks to achieving its goals are roughly in balance, suggesting that it is not yet ready to signal a significant shift in its policy stance.
Created
: 2024.11.08
Last updated
: 2024.11.08
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy