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FOMC Rate Decision – Potential Impact on EUR/USD, GBP/USD and Dollar Index

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The market anticipates a shift in the Fed’s stance, with three rate cuts now expected in 2024 due to softening economic data. A soft landing remains possible as the labor market cools and inflation shows signs of easing. Technical analysis suggests GBP/USD is consolidating, EUR/USD maintains a bullish structure, and the Dollar Index (DXY) is […]

The post FOMC Rate Decision – Potential Impact on EUR/USD, GBP/USD and Dollar Index appeared first on Action Forex.

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