Dollar Stays Weak After Fed Cuts Rates

Core Viewpoint - The dollar is under pressure after reaching a seven-week low due to the Federal Reserve's decision to cut interest rates and indicate potential further cuts [1] Group 1: Federal Reserve Actions - The Federal Reserve implemented a 25 basis-point rate reduction as expected [1] - The Fed's communication suggested a less cautious approach towards further policy easing than anticipated [1] Group 2: Economic Outlook - Fed Chair Jerome Powell indicated that the risks of higher inflation are perceived to be less severe compared to the risks associated with a weaker labor market [1]