State Street’s Ferridge Sees 10% Dollar Drop on Three Fed Cuts
The dollar may fall 10% this year as there’s a risk the Federal Reserve will cut interest rates more deeply than markets anticipate once the next chair of the central...
By Anya Andrianova · Bloomberg Markets
The dollar may fall 10% this year as there’s a risk the Federal Reserve will cut interest rates more deeply than markets anticipate once the next chair of the central bank takes over, according to State Street Corp.’s Lee Ferridge.