ING analyst: A rate cut in June is highly likely
According to the Jin10 report, ING analyst James Knightle said that they believe that a rate cut in June is very likely, and the Federal Reserve has hinted that it hopes to gradually adjust policy back to a more neutral level later this year. This has been completely priced in by the market.
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All three major U.S. stock indexes closed lower.
The US Dollar Index fell by 0.34%, closing at 99.156.
Kashkari: Does not support last month's rate cut, remains cautious about the December decision
The US Dollar Index (DXY) falls below 99, marking its first time since October 30.