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.
Daily Summary - Powerful NFP report could delay Fed rate cuts
Daily summary: Weak US data drags markets down, precious metals under pressure again!
BREAKING: US RETAIL SALES BELOW EXPECTATIONS
Takaichi’s party wins elections in Japan – a return of debt concerns? 💰✂️