Dutch International: The Fed's interest rate cut will be bearish for the dollar

ChainCatcher news, according to Jinshi reports, Francesco Pesole of ING stated in a report that the Federal Reserve's interest rate decision on Wednesday is overall bearish for the dollar.

The Federal Reserve lowered interest rates by 25 basis points as expected, but Chairman Powell did not alleviate market concerns about inflation and described this rate cut as a "risk management-based cut." Pesole predicts that there will be two more 25 basis point cuts this year, believing that the decline in the cost of dollar financing will further drive down the value of the dollar.