As the market continues to bet on the Federal Reserve taking a cautious path for interest rate cuts, the dollar rises. According to data from the London Stock Exchange Group, the market expects the Federal Reserve to cumulatively cut rates by 38 basis points by December 2025. The Federal Reserve cut rates by 25 basis points the previous week but hinted that future cuts would slow down. Analysts at Deutsche Bank stated in a report that the Federal Reserve is likely to skip a rate cut operation in January of next year, which could evolve into a long-term pause in policy easing until 2025.