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Fed set to cut rates again, dot plot to drive USD action – LIVE
The Federal Reserve (Fed) is widely expected to cut the policy rate by 25 bps after the last meeting of 2024. Underlying details of the dot plot could provide important clues about the policy outlook and drive the US Dollar's valuation.
EUR/USD extends slide below 1.0500 ahead of Fed rate call
EUR/USD extends slide below 1.0500 amid a nervous wait-and-see stance. The pair's further upside remains capped as traders stay cautious and refrain from placing fresh bets ahead of the Federal Reserve's highly-anticipated policy announcements.
Gold near weekly lows ahead of Fed
Gold is practically flat near $2,650 on Wednesday after bouncing up from a one-week low it set on Tuesday. The precious metal remains on the defensive as the market braces for the outcome of the last Federal Reserve’s (Fed) meeting of the year.
GBP/USD holds above 1.2700 after UK inflation data
GBP/USD enters a consolidation phase above 1.2700 following the earlier decline. The data from the UK showed that the annual CPI inflation rose to 2.6% in November from 2.3%, as expected. Investors gear up for the Fed's monetary policy decisions.
Sticky UK services inflation to come lower in 2025
Services inflation is stuck at 5% and will stay around there for the next few months. But further progress, helped by more benign annual rises in index-linked prices in April, should see ‘core services’ inflation fall materially in the spring.
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