BitcoinWarrior

News and Education

Dollar holds steady on rate cut expectations

Published by
Reuters UK

(Corrects U.S. PCE release date to Friday, not Thursday, in paragraph 10) By Brigid Riley TOKYO (Reuters) -The U.S. dollar held steady on Wednesday against a basket of peers as traders weighed the chances that the U.S. Federal Reserve would soon begin cutting interest rates. Fed officials have been pushing back after last week’s Federal Open Market Committee meeting saw three rate cuts penciled in for 2024, sparking a rally in financial markets. Market participants are pricing in a 69% chance of the first cut happening at the Fed’s March meeting, followed by a 63.3% probability of another in M…

Read More