“Fed Chair Powell’s comments Friday that policymakers were flexible and ‘listening carefully’ to financial markets helped support the impression that the Fed tightening cycle may slow or pause in the coming months,” said Shaun Osborne, chief FX strategist at Scotiabank in Toronto.
The CME Group’s FedWatch Tool is forecasting over a 95 percent chance rates will remain unchanged in January and an 89.2 percent chance they remain untouched in March.
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