Fed Starts with Bold Move. Forecast as of 19.09.2024

The Fed took action to mitigate the risk of a slowdown in the labor market by reducing rates by 50 basis points at the outset of its monetary expansion cycle. Market reaction was relatively subdued. Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points The Fed sees no signs of recession but cut rates by half a point. FOMC forecasts assume another 50 bp cut in 2024. The futures market sees borrowing costs falling by 70 bp. The EURUSD pair is trading below