Fed's final decision of 2024 likely includes a rate cut, influencing US dollar

From Investing.com: 2024-12-17 07:41:00

The last Fed decision of the year is expected to include a rate cut, with a 97% chance of a 25 basis point cut. The dot plot projections will be key, with implications for the US dollar depending on the degree of easing. Fed Chair Jerome Powell’s press conference will also drive market reaction, especially his comments on inflation and future policy. Traders can take a proactive, reactive, or cautious approach to trading around the announcement. Expect immediate market reactions at 2:00 PM ET, with potential consolidation before Powell’s press conference at 2:30 PM ET. Stay prepared for volatility and watch for key moments to navigate the action efficiently.



Read more at Investing.com: Fed’s Last Decision of 2024 Is Almost Here: 3 Ways to Trade This Meeting