The U.S. FOMC holds rates, while the ECB cuts rates

The U.S. central bank's policy rate remains unchanged as expected, while the ECB has cut rates.

As a result, the ECB has lowered rates for the fourth consecutive meeting. The U.S. economy is still strong in indicators, but... it is on hold.

Well, in reality, regarding the United States, with the president now Mr. Trump, no one knows what will happen,

so it seems like it’s a matter of watching and waiting.

Well, there were no surprises, in other words.

Looking ahead, the U.S. federal funds rate is expected to be cut only twice in 2025,

so I feel that the euro-dollar and the dollar-yen will also move toward a stronger dollar.

That’s all for this long overdue post!