Foreign Exchange Insights and Next Week
How the Dollar Performed in Previous Downward Cycles of the Fed’s benchmark Interest Rate
September 17, 2024
The mystery concerning tomorrow’s initial easing by the Federal Reserve concerns the size of the interest rate cut. Will the reduction be 25 basis points or 50 bps? First cuts made in July 2019, September 1998, July 1995, June 1987, August 1984, December 1974 and November 1970 were each moves of 25 basis points in […] More
New Overnight Developments Abroad - Daily Update
Anticipation of 50-BP Fed Interest Rate Cut Now In the Majority, but Some Key U.S. Data Coming Out First
September 17, 2024
Just over 31 hours remain before the FOMC interest rate decision arrives, and sentiment has shifted in the past day from even odds to a 2:1 chance that Fed officials opt for a 50-basis point cut rather than a 25-bp move. Investors in less than an hour will learn how U.S. retail sales and industrial […] More
