Fed surprises with 25bps rate cut, impacting market sentiment and resetting various sectors.

From Investing.com: 2024-12-19 04:34:00

The Fed surprised the market with a 25bps rate cut, causing a risk-off reaction and denting easing expectations for 2025. Dollar strengthened, while yen weakness continued after BoJ kept rates unchanged. Market reset underway after Fed meeting, impacting various sectors. Gold and bitcoin affected by stronger dollar, with bitcoin hovering above $100k. BoJ decision driven by global uncertainties and wage data, yen under pressure. BoE likely to hold rates steady, market pricing in minimal chance of rate cut. GBP/USD pair struggling to break below 0.8220 level amid opposing central bank expectations.



Read more at Investing.com: Markets Adjust to the Revised Fed Rates Outlook