US Dollar: Fed meeting keeps Dollar steady – Commerzbank
Commerzbank’s Michael Pfister highlights that the Federal Reserve left rates unchanged, with two dissenting votes for a hike. Strong US growth and labour data support a high probability of December tightening, yet inflation expectations are seen improving.
The Federal Reserve meeting on Thursday left the US Dollar steady, according to Commerzbank’s Michael Pfister. Two votes were cast in favor of a rate hike, one of which was provided by Lisa Cook, who the US President would like to replace. Despite the presence of dissenting votes, the Fed ultimately decided to maintain interest rates. This decision was made with the hope of waiting for additional data before implementing any changes. Inflation expectations are also seen as improving.
Looking ahead, the Fed plans to alter its meeting structure starting in 2027, reducing the number of rate decisions to just six per year. This shift will likely make USD volatility more reliant on data releases rather than Fed announcements.
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