Dear Reader,
Today's overview of economic news and market action
- As expected, the Fed cuts rates by 25bps yesterday …
- However, the Fed struck a hawkish tone when assessing the outlook …
- Against this backdrop, US futures contracts hardened markedly …
- Meantime, the dollar was firmly in the ascendancy …
- EUR/USD opens back just below the $1.04 mark …
- GBP/USD is operating down near $1.26 …
- Meantime, USD/JPY is up at the midpoint of ¥156-157 …
- Today, the BoE is expected to leave monetary policy on hold …
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