Mitsubishi UFJ: Fed cuts 25 basis points this week to boost dollar
2024-09-16 12:33:18
Mitsubishi united states says united states reserve capital weekly rate cut 25 basis points us dollardesk3cryptocurrencydesktopCrypto News
Even if the Federal Reserve cuts interest rates by 25 basis points this week, the dollar will struggle to achieve a sustained recovery, according to MUFJ. Lee Hardman, an analyst at MUFG, said in a note that even if the Fed cuts interest rates by 25 basis points, it is likely to cut rates further at future meetings, especially if the labor market continues to weaken. That means "people may still think it is only a matter of time before the Fed needs to accelerate the pace of rate cuts," he said. (Kim Ten)
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