Dollar Rises as Traders Digest Fed Decision

Group 1 - The Federal Reserve cut interest rates by 25 basis points, which led to a rise in the dollar as investors reacted to the decision [1][2] - Fed Chair Jerome Powell characterized the rate cut as a risk-management measure, causing market uncertainty regarding the future easing cycle [2] - The Fed's dot plot indicates the possibility of two additional 25 basis point cuts in the remaining meetings of the year, along with further cuts anticipated next year [2]