Jefferies: The Federal Reserve took action early, but the market reaction was milder
2024-09-18 20:57:34
Jefferies Forex Global Director Brad Baker Terre Federal Reservedesk3cryptocurrencydesktopCrypto News
Brad Bechtel, global head of FX at Jefferies, said market expectations were almost 50/50 ahead of the Fed's interest rate decision. So the Fed has clearly surprised half the market. The Fed is trying to get ahead of a slowdown in the US economy and provide support. But so far, the market reaction has not been too crazy, and a lot of it has been priced in.
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