According to BlockBeats news, on October 9, the US dollar rose before the release of the Federal Reserve meeting minutes. The Federal Reserve cut interest rates by 50 basis points last month, and the minutes of the latest meeting may provide clues on next policy measures.
Chris Turner, an analyst at ING, said in a report, “In the past few weeks, the market has reduced the Fed’s 2024 easing cycle by about 30 basis points, but we also doubt whether investors are now in the mood for the Fed’s aggressive easing cycle. Repricing.
He also said Thursday’s CPI data may show that the U.S. core inflation rate remained high in September, which may provide support to the dollar. (Golden Ten)