Analyst: The Fed is likely to skip rate cuts in January next year

On December 23, the US dollar rose as the market continued to bet on the Federal Reserve taking a cautious rate cut path. According to data from the London Stock Exchange Group, the market expects the Federal Reserve to cumulatively cut rates by 38 basis points by December 2025. The Federal Reserve cut rates by 25 basis points the previous week, but hinted that the pace of future rate cuts would slow. Deutsche Bank analysts said in a report that the Federal Reserve is likely to skip a rate cut in January next year, which could turn into a long-term pause in policy easing by 2025.