Is a 25 basis point rate cut considered bad news? Isn't that too much to ask?
MUFG: A 25 basis point rate cut by the Fed this week will hardly boost the dollar
MUFG said that even if the Fed cuts interest rates by 25 basis points this week, it will be difficult for the dollar to achieve a sustained recovery. Lee Hardman, an analyst at MUFG, said in a report that even if the Fed cuts interest rates by 25 basis points, it may cut rates further at future meetings, especially if the labor market continues to weaken. He said this means "people may still believe that it is only a matter of time before the Fed needs to accelerate the pace of rate cuts."
