USD: Fed maintains rates, signals data-driven patience – TD Securities
TD Securities' Global Strategy Team reviews the recent FOMC meeting, where the Federal Reserve maintained rates at 3.50%-3.75%. The statement was marginally hawkish, with Chair Powell indicating that the Fed can be patient and let data guide future decisions.
FOMC meeting and economic data outlook
"While we maintain our call for a March cut, it is clear that the risk is for the Fed to stay on hold for longer. We will revisit our call after the January employment report."
"The Committee will likely wait for either additional labor market weakness or confirmation of the one-off tariff inflation impact before resuming cuts. The likelihood of the latter catalyst is rising."
"Marginally hawkish flavor in the FOMC statement helped the USD, but we expect any USD bounces to be short-lived and see upside in EUR, AUD, GBP, SEK."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
Mitrade makes no representation or warranty as to the accuracy or completeness of the information provided and accepts no liability for any loss arising from reliance on such information.
Recommended Articles
