The Federal Reserve is expected to cut interest rates by 25 basis points, setting the target rate at 3.75% to 4.00%. Despite strong GDP growth, the decision is driven by a weakening job market and a willingness to overlook inflation caused by tariffs. A government shutdown has created a "data blind spot," forcing the Fed to rely on private data. The US Dollar's immediate movement will depend on Chair Powell's commentary compared to market expectations.
29-10-2025 08:57 GMT
by Zain Vawda