EUR/USD remains steady, awaiting the decision following the Federal Reserve's meeting.

Create at 3 weeks ago (Oct 09, 2024 21:22)

In terms of U.S. monetary policy, investors continue to expect that the Federal Reserve (Fed) will further ease its policy in the coming months. However, the likelihood of a rate cut has decreased after stronger-than-expected U.S. employment reports.

 

Fed Chair Jerome Powell reiterated that future rate cut decisions will primarily be based on domestic economic data, signaling that rate reductions may be delayed for the time being.

 

Similarly, the European Central Bank (ECB) has adopted a more cautious stance on rate cuts due to inflationary pressures and economic concerns. Christine Lagarde, President of the ECB, stated that while inflation in the Eurozone remains high, the tightening of monetary policy is starting to ease, which may help support growth.

Source: Fxstreet

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