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Dollar declines further as bets mount on Fed rate cuts
Gulf Today
|December 04, 2025
The dollar headed for its ninth straight decline on Wednesday as traders ramped up bets on Federal Reserve rate cuts following US economic data and growing expectations for a more dovish central bank.
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Fed Governor Christopher Waller said last week the labour market is weak enough to justify another quarter-point rate cut in December, while White House economic adviser Kevin Hassett emerged as the frontrunner to become the next Fed chair. US President Donald Trump said he would be announcing his pick as Fed chair early in 2026.
"Such an announcement, if it occurs this early, will create a 'shadow Fed chair' since current Fed Chair Powell's term does not end until May," said Kristina Hooper, chief market strategist at Man Group.
यह कहानी Gulf Today के December 04, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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