According to Jinshi Data, the Federal Reserve revised its 2025 policy forecast to a hawkish stance, driving the dollar to rebound. The dollar rose 1.1% against the euro, 0.8% against the yen, 0.9% against the pound, and 1.6% against the Australian dollar.
In the futures market, traders see about a 57% chance that the Fed will cut interest rates one or two more times next year, up from 38% before the decision.
