Posted on 01/19/2025 3:21:43 PM PST by ChicagoConservative27
During his 2002 testimony before Congress, then-Federal Reserve Chair Alan Greenspan wryly observed: “There may be more forecasting of exchange rates, with less success, than almost any other economic variable.” Two-plus decades later, predicting the future path of exchange rates continues to pose a challenge, especially as currency matters take centerstage in policy debates.
The dollar was expected to weaken in 2024, with markets initially pricing in six or more Fed rate cuts. Reality, however, played out differently, and the dollar actually rose sharply. U.S. economic growth was more robust than expected and the disinflationary process stalled out in the second half of 2024. Consequently, the first rate cut was delayed till September and the year ended with just three Fed cuts.
(Excerpt) Read more at thehill.com ...
The economy is said to be in great shape. So when the true numbers come out and everything goes downhill they can say Trumps fault, it was good under Biden.
“The Hill”
Why bother, when I can take out a third-grade essay and have a high probability of gaining more knowledge?
Sorry, mere journalists. You are sooooooo last century.
INDEED.
Add in Tariff “Equity”....
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