Following the Federal Reserve’s decision to lower the federal funds rate by 25 basis points to 2% – 2.25% range, the CME Group’s FedWatch Tool’s probability of one more 25 basis points rate cut in September rose to 75% from 55% seen on Tuesday. In its policy statement, the Fed said that implications of global developments for the US economic outlook and muted inflation pressures were behind today’s decision. Meanwhile, the US Dollar Index, which rallied to its highest level in more than two years at 98.42 with the knee*jerk market reaction, was last seen at 98.28, adding 0.22% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY spikes to 108.87 and retreats almsot all the way back after Fed cut rates FX Street 4 years Following the Federal Reserve's decision to lower the federal funds rate by 25 basis points to 2% - 2.25% range, the CME Group's FedWatch Tool's probability of one more 25 basis points rate cut in September rose to 75% from 55% seen on Tuesday. In its policy statement, the Fed said that implications of global developments for the US economic outlook and muted inflation pressures were behind today's decision. Meanwhile, the US Dollar Index, which rallied to its highest level in more than two years at 98.42 with the knee*jerk market reaction, was last seen at 98.28, adding 0.22% on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
