Daily digest market movers US Dollar holds steady, calm end of the week ahead
Thanksgiving and Black Friday holidays in the US have led to thin liquidity and a lull in trading activity.
With only two trading days remaining this week, market movements are expected to be subdued.
This week, November’s Federal Open Market Committee (FOMC) minutes suggested a cautious Fed with no rush to cut rates.
Robust economic growth, resilient household spending and strong consumer confidence support a cautious Fed easing cycle.
October’s Personal Consumption Expenditures (PCE) underscored persistent inflation and the need for caution which may push the Fed to consider less cuts.
In the meantime, the odds of a cut in December by the Fed remain high but subdued.
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