Monthly Archives: December 2024
Dollar Jumps on Fed’s Hawkish Remark
Written on December 29, 2024 at 11:48 pm, by
Market Summary The FOMC interest rate decision yesterday triggered significant market volatility, with all eyes on the Federal Reserve’s hawkish stance. Jerome Powell’s remarks signaling fewer rate cuts in 2025 and the expectation that the Fed funds rate will remain near the 4% level to curb inflation drove the U.S. dollar higher. The dollar indexContinue Reading
Dollar Jumps on Fed’s Hawkish Remark
Written on December 29, 2024 at 11:48 pm, by
Market Summary The FOMC interest rate decision yesterday triggered significant market volatility, with all eyes on the Federal Reserve’s hawkish stance. Jerome Powell’s remarks signaling fewer rate cuts in 2025 and the expectation that the Fed funds rate will remain near the 4% level to curb inflation drove the U.S. dollar higher. The dollar indexContinue Reading
All Eye on Today’s FOMC Interest Rate Decisio
Written on December 29, 2024 at 11:47 pm, by
Market Summary Ahead of the Fed’s interest rate decision today, the U.S. dollar maintained its recent high levels, while Wall Street faced downside risk. This market sentiment was largely driven by the U.S. retail sales data, which came in higher-than-expected and reinforced hawkish expectations for the Fed’s upcoming decision. Among the major currencies, the PoundContinue Reading
