Federal Reserve 25bp rate cut leaves market guessing
MARKET NEWS
WASHINGTON -- The Federal Reserve last week trimmed interest rates by 25 basis points, but analysts were left uncertain of the outlook for US borrowing costs.
"There weren’t too many clues in the [post-meeting] statement as to what will happen next," Will Rugg, senior currency strategist at Standard & Poor’s MMS in London, told FX Week. "It didn’t really spell out why the cut was 25 as opposed to 50."
In its statement, the Federal Open Market Committee said that factors such as declining
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