International Netherlands: The Fed's interest rate cut will have unfavourable information for the US dollar.

MarsBitNews

According to Mars Finance news, as reported by Jin10, Francesco Pesole of ING stated in a report that the Fed's interest rate decision on Wednesday is overall unfavourable for the dollar. The Fed lowered the interest rate by 25 basis points as expected, but Chairman Powell did not dispel market concerns about inflation and described this rate cut as a “risk management-based rate cut.” Pesole predicts two more 25 basis point rate cuts this year, believing that the decline in dollar financing costs will further drive down the value of the dollar.

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