TechFlow, December 11 — According to Jinshi Data, the Federal Reserve cut interest rates overnight and signaled further rate cuts, sending the dollar to a seven-week low and remaining under pressure. The Fed delivered the expected 25-basis-point rate cut but appeared less cautious than anticipated about further policy easing. Michael Pfister at Commerzbank said in a report that Chairman Powell's remarks seemed to suggest that the risks of high inflation are less severe than the risks of a weakening labor market, potentially paving the way for additional rate cuts after a pause in January.
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