The US Federal Reserve decided to cut interest rates by 25 bps from 4.75% to 4.5%, in line with markets expectations. EURUSD reacts with declines directly after the decision announcement.
Fed projects a 2.1% GDP growth in 2025 versus 2.0% in September see longer-run growth at 1.8%, unchanged from September. The Federal Reserve anticipates end-2025 PCE inflation at 2.5% versus 2.1% in September; core seen at 2.5% versus 2.2%. Also, Fed see a 4.3% unemployment rate at the end of 2025 versus 4.4% in September projections.
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Source: xStation5
