US Treasury yields eased after the Federal Reserve (Fed) delivered its first interest rate cut since December of last year, prompting a broad-market dog-pile into risk assets, lowering Treasury yields as investors bank on lower interest rates supporting the US economy, specifically the lagging labor
USD/JPY plunges after the Federal Reserve (Fed) decided to cut rates by 25 basis points, while providing a dovish forward guidance, paving the way for further easing. At the time of writing, the pair trades volatile within the 146.70-145.50 range, after hitting a two-month low of 145.48.
At the post-meeting press conference, Fed Chair Jerome Powell explains the decision to lower the Federal Funds Target Range (FFTR) to 4.00%–4.25% after the September meeting and fields questions from reporters.
GBP/USD surges during the North American session after the Fed cut rates by 25 basis points as expected, and eyes further rates reductions towards the year end. At the time of writing the pair trades volatile within the 1.3650 – 1.3700 range as traders await Fed Chair Powell press conference.
The Federal Reserve (Fed) delivered a quarter-point interest rate cut, in line with market expectations. With the Fed moving to make its first rate cut since last December, investors are immediately pivoting to focus on how many rate cuts the Fed is expected to deliver through the remainder of 2025.