fromLondon Business News | Londonlovesbusiness.com
5 days agoDollar steady as markets brace for Fed decision and Powell's speech - London Business News | Londonlovesbusiness.com
The dollar held steady on Tuesday as investors positioned ahead of the Federal Reserve's policy announcement and Chair Jerome Powell's highly anticipated remarks on Wednesday. Markets assign nearly a 90% probability to a rate cut this week, while expectations for 2026 point to two additional reductions. Any signal from Powell that the Committee is leaning toward a more dovish policy path could weigh on both the dollar and long-term yields.
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