The Federal Reserve has made a big decision!
Is the dollar going to drop? This news is explosive! The Federal Reserve has stated that interest rates are expected to drop significantly next year. This is not a small matter; Gurusby has said it all depends on the actual situation of inflation.
CME's "Fed Watch" has also provided data: by December, the probability of a 25 basis point rate cut is as high as 70.3%. This probability, wow, just looking at it makes one's heart race.
Key date, December 19, make a note of it! By then, we will be waiting to see the "big plunge" of the dollar. This move is quite a positive piece of news for our stock market.
Of course, this is just a prediction. The international financial market is ever-changing, and things can change in an instant. We still need to keep our eyes peeled and observe cautiously. Don't forget, this is a matter that concerns our wallets!
In short, when this news broke, the global financial community was in an uproar. How the dollar will perform in the future, we shall wait and see. Remember December 19, perhaps that day, we will witness history!