FOMC expected to cut interest rates with possibility of a pause, causing uncertainty.

From Investing.com: 2024-12-18 02:31:00

The FOMC meeting is expected to result in a 25bps interest rate cut to the 4.25-4.50% range, with a potential “pause” to the cutting cycle. Traders are closely watching for the Summary of Economic Projections and Powell’s comments. The meeting will conclude on Wednesday, December 18th at 2:00 ET, with Powell’s press conference at 2:30 ET. Traders are pricing in a 99% chance of a rate cut, but uncertainty remains about the Fed’s future decisions. EUR/USD has been trading in a narrow range between 1.0470 and 1.0600, with a potential downside break if the Fed delivers a surprise.



Read more at Investing.com: FOMC Preview: Cut Then ‘Prudent Pause’ From Powell?