đ„ Expectations for the Federal Reserve to cut interest rates soared to 50%, the sluggish manufacturing industry triggered market shocks, and the US dollar came under pressure! ! !
Expectations for Fed rate cut increase
Latest news:
As of September 24, financial market expectations for the Federal Reserve to cut interest rates by 50 basis points at the November policy meeting have increased significantly, and traders' bets have pushed the probability to 50%, indicating that the market generally believes that the Federal Reserve may take more measures. Substantial easing measures to address current economic challenges.
Signs of weakness in manufacturing
Data Insight: The Richmond Fed Manufacturing Index released that day recorded -21. This data was not only far lower than market expectations, but also hit the lowest level since May 2020, clearly pointing to the decline in manufacturing activity. Significant slowdown.
This negative indicator heightened market concerns about weakening U.S. economic growth momentum.
market reaction
Exchange rate fluctuations: Affected by the above news, the U.S. dollar index (DXY) immediately experienced a short-term decline, with a drop of more than 20 points, and the current quotation is 100.57.
This change reflects the market's cautious attitude towards the future trend of the US dollar and expectations for possible monetary policy adjustments by the Federal Reserve.
