According to BlockBeats, on January 2, the US dollar index rose to a two-year high as the market expected the Federal Reserve to take a more cautious approach to interest rate cuts in 2025. The market is betting that President-elect Trump's policies, including proposed trade tariffs and tax cuts, will increase inflation and limit interest rate cuts. "Due to the resilience of the US economy, the market currently expects no more than two 25 basis point rate cuts throughout the year, which will support the dollar," said Mohammed Saraf of Danske Bank in a report. In December last year, the Federal Reserve also hinted that it would slow down the pace of interest rate cuts. (Jinshi)