Dollar on a Slip‑Slide: Fed’s Meeting in the Wake
Our favorite greenback dipped a little before the Federal Reserve’s big meeting, so traders are huddling to guess what Jerome Powell will say next. The U.S. dollar has been on a slow run for the past fortnight, but the buzz is all about what’s coming today.
Why the Dollar Isn’t Shining Bright
Investors are still convinced the Fed will keep rates steady for now, but the next moves are getting fuzzy. The latest ADP jobs report nudged markets toward a 54% chance of a rate cut in March, and people are looking for the conference room version of that number.
What We’re Watching
- Powell’s speech today – looking for clues on when the Fed might start trimming rates
- Friday’s NFP report – if it blows up, rate‑cut hopes could wobble
So, keep your eyes peeled for the Fed’s playbook. A sharp uptick in the job numbers could keep the dollar humming, while a soft crop might give it back its bold step.
Stay in the Loop
Want to catch every tick and dip as they happen? Subscribe now and get live updates straight to your device.
