Dow Set to Open Up Ahead of Fed Rate Decision
The U.S. dollar holds steady ahead of the Federal Reserve’s policy announcement and Chair Jerome Powell’s remarks.
A 25-basis-point rate cut Wednesday is priced with an almost 90% probability, according to LSEG, while expectations point to two additional reductions next year. In recent days, speculation has built that the Fed could be cautious about prospects for further rate cuts and any deviation from this expectation would dent the U.S.
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