Day: October 12, 2024
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Week Ahead: USD Stalls, Market Shifts Focus to Europe’s Rate Decisions
The US dollar and interest rates surged following stronger-than-expected September jobs data and firm inflation readings, although Federal Reserve officials’ views seemed largely unaffected. The latest Summary of Economic Projections showed a split on rate cut expectations for Q4, with ten officials supporting a 50 basis point reduction, while seven favoured a smaller, quarter-point cut….