Dollar Hovers Near 2-Year High After Fed Decision -- Market Talk

Dow Jones2024-12-19

0750 GMT - The dollar hovers close to a two-year high after the Federal Reserve signalled a slower pace of interest rate cuts next year. The Fed cut rates by 25 basis points Wednesday, as expected. However, its projection for 2025 pointed to fewer rate cuts than previously indicated. Most Fed officials penciled in two cuts for 2025, down from four at their meeting in September. Standard Chartered analysts now expect the Fed to pause rate cuts in January, having previously forecast another reduction. The dollar's "exceptionalism case" is likely to remain intact until data suggest the Fed's cautious messaging is overdone, they say. The DXY dollar rises 0.1% to 108.113, near Wednesday's two-year high of 108.269. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

December 19, 2024 02:50 ET (07:50 GMT)

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The dollar's \"exceptionalism case\" is likely to remain intact until data suggest the Fed's cautious messaging is overdone, they say. The DXY dollar rises 0.1% to 108.113, near Wednesday's two-year high of 108.269. 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The Fed cut rates by 25 basis points Wednesday, as expected. ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492110242","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492110242","pubTimestamp":1734594600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0750 GMT - The dollar hovers close to a two-year high after the Federal Reserve signalled a slower pace of interest rate cuts next year. 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