According to ChainCatcher news and reported by Jin10, Mitsubishi UFJ analyst Derek Halpern pointed out in a report that the Federal Reserve (FED) may need to support the economy by cutting interest rates later this year, which could lead to a weakening of the dollar.
He stated that the pause in interest rate cuts by The Federal Reserve (FED) may last until summer, and the market does not expect another rate cut before September. This means that the FED may significantly lag behind other G10 central banks in restoring interest rates to a neutral level that neither stimulates nor slows down economic growth. This indicates that the FED will need to take more easing measures by then, which we believe will become a factor in suppressing the dollar later this year.
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Mitsubishi UFJ: The Federal Reserve's late interest rate cuts may lead to a weakening of the US dollar.
According to ChainCatcher news and reported by Jin10, Mitsubishi UFJ analyst Derek Halpern pointed out in a report that the Federal Reserve (FED) may need to support the economy by cutting interest rates later this year, which could lead to a weakening of the dollar. He stated that the pause in interest rate cuts by The Federal Reserve (FED) may last until summer, and the market does not expect another rate cut before September. This means that the FED may significantly lag behind other G10 central banks in restoring interest rates to a neutral level that neither stimulates nor slows down economic growth. This indicates that the FED will need to take more easing measures by then, which we believe will become a factor in suppressing the dollar later this year.