According to Odaily Planet Daily, NatWest Markets analysts said that confidence in the prospect of the Fed's rate cut has increased, and the dollar's rise faces resistance. Unless the US data is unexpected and the Fed's rate cut expectations are postponed, this situation will be more lasting.
NatWest Markets expects the Federal Reserve to cut interest rates by 150 basis points this year, nearly 50 basis points higher than what money markets are pricing in. Analysts say the discussion is now about ‘how much’ rather than ‘if’ a rate cut next month.
