The market expects the Federal Reserve to further cut interest rates by 36 basis points by December next year

ChainCatcher message, in an environment of insufficient liquidity, the US dollar remains stable. Many traders are still on holiday during the festive season, and there are no significant data releases on the US economic calendar this Friday. Since November 5, when Trump won the presidential election, the dollar index has risen by more than 4%.

The policies proposed by Trump, including trade tariffs and tax cuts, are expected to drive up inflation and limit the Federal Reserve's room to cut interest rates. Data shows that the market expects the Federal Reserve to further cut rates by 36 basis points by December 2025. (Jin Shi)