USD/JPY Outlook: Super-Sized Fed Rate Cut Bets Reemerge
September 13, 2024 at 11:29 AM EDT
Former Fed official Bill Dudley said that there was a strong case for a 50 bps rate cut. The likelihood of a 50 bps rate cut shot up from 28% to 45%. BoJ board member Naoki Tamura noted that the upside risk to inflation was increasing.
