According to ChainCatcher, Ebury's market strategy director Matthew Ryan stated that two rate cuts by the Federal Reserve in 2025 remain the basic prediction of most policymakers. Due to the uncertainty of tariffs, they may lack sufficient confidence to change their outlook.
However, a few officials believe that this year's rate cuts will be lower than expected, potentially leading to only a 25 basis point cut in 2025. The hawkish dot plot and Powell's emphasis on the lack of urgency to lower rates may provide room for the dollar to strengthen later this week.