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- +0.040+0.04%
USD News
A Federal Reserve Interest Rate Cut Is Likely Today, But Trump May Alter 2025 Plans
The updated support and resistance in the US market on December 18 includes Gold, Silver, Crude Oil Product, and USD along with eight major currency pairs.
On December 18th, the updated support and resistance levels for Gold, Silver, Crude Oil Product, USD, Euro, British Pound, Japanese Yen, Swiss Franc, Australian Dollar, Canadian Dollar, and New Zealand Dollar in the US market are as follows.
US Dollar Flattens Ahead of Last Fed Meeting for 2024
A strong dollar is unaffected by the Federal Reserve's cautious interest rate cuts, and the euro remains weak before the improvement of the German economy.
On Wednesday (December 18), during the European session, it is expected that the Federal Reserve will reach a consensus to cut interest rates by 25 basis points today, but it will also reduce guidance for rate cuts next year. We believe this will keep the dollar strong before the end of the year, as the interest rate differentials remain significant and very favorable for the dollar. Inflation in the United Kingdom rose in November as expected, which will only slightly change the Bank of England's perspective. Even if the subtle differences in communication from the Federal Reserve today lead to some dovish surprise, we doubt the Fed will significantly change its traditionally cautious stance on guidance. Here is the latest outlook from ING Groep on the dollar, euro, and Brazilian real.
DWS: It is expected that the Federal Reserve will slow down the pace of rate cuts after the December meeting, and future fiscal and trade policies remain major unknown factors.
Recent economic data from the USA is mixed; although the labor market appears to be weakening amid fluctuations, inflation remains stubborn.
A "hawkish rate cut"? The Federal Reserve will announce the interest rate decision tonight.
The pace may slow down in the future.
The Fed Is About to Deliver the Last Rate Cut for a While | CNN Business
DXY: FOMC in Focus Today – OCBC
USD: Trump Policy Pledges to Be Felt at the FOMC – ING
Fed One Last Time on Autopilot – Commerzbank
Dollar Trades Steady Ahead of Fed Decision -- Market Talk
Fed Set to Cut Rates; to Move Slowly Toward New Normal -- Market Talk
Forex Today: Fed Rate Decision, Revised Dot Plot to Trigger Next Big Action
The year-end spectacle of the Federal Reserve is here: will the first phase of the interest rate cut cycle come to an end tonight?
① At 3 a.m. Peking time on Thursday, the Federal Reserve is about to announce the highly anticipated December interest rate decision; ② Currently, the industry generally expects the Federal Reserve to cut interest rates by another 25 basis points in this week's meeting, and there is almost no suspense left; ③ However, this week's rate cut may mark the "end of the first phase of the Federal Reserve's two-stage rate cut cycle."
US Dollar Index Drifts Lower Below 107.00 Ahead of Fed Rate Decision
Federal Reserve Is Set to Cut Key Rate but Consumers Might Not Feel Much Benefit Anytime Soon
Trump Presidency Likely to Extend Dollar Strength -- Market Talk
December 18th Asia market update on support and resistance: Gold, Silver, Crude Oil Product, USD, and eight major currency pairs.
On December 18, an update in the Asian market regarding support and resistance levels for Gold, Silver, Crude Oil Product, USD, Euro, British Pound, Japanese Yen, Swiss Franc, Australian Dollar, Canadian Dollar, and New Zealand Dollar.
The Federal Reserve will cut interest rates for the third consecutive time, and the wording of the resolution statement may change.
On Thursday at 3:00 Peking time, the Federal Reserve will announce its interest rate decision, followed by a press conference on monetary policy by Chairman Powell at 3:30. The Federal Reserve may lower borrowing costs this week, while also indicating that the extent of rate cuts next year will be less than previously expected. It has been proven that the USA economy is more resilient than officials had predicted a few months ago. Recent data shows that inflation is declining more slowly than officials expected, and the labor market is not as weak as people feared. The revised outlook may prompt officials to adjust the wording in the policy statement after Thursday's meeting and raise the expected path for borrowing costs. Stronger-than-expected data also triggered.
The "New Federal Reserve News Agency": Internal doubts within the Federal Reserve are intensifying, and a rate cut this week may signal the end of the first phase of the rate cut cycle.
Timiraos believes that, due to Powell facing greater concerns from colleagues about interest rate cuts, the easiest approach would be to cut rates this week and suggest that the Federal Reserve might hold one or more meetings before lowering rates again. Officials predicted in September's meeting that there would be four rate cuts next year, but their latest forecasts may indicate a reduction of one to two rate cuts by 2025.