Federal Reserve decided to cut interest rate by 25 bp to 2.00% from 2.25% in line with market expectations.
Additionally dot plot shows that 7 FOMC members see one more cut this year, however median drops only to 1.9%. Dollar is stronger after the decision.
BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉
BREAKING: Euro-zone GDP slightly above expectations!📈 EURUSD remains stable
BREAKING: Germany industrial orders for October higher than expected; EURUSD gains 📌
Daily Summary: Market treads careful, awaits inflation and FED