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September 19, 2024
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Fed outsized rate cut draws muted reaction, but calm may not last

"The coming hours could prove dangerous ... with traders exposed to sudden riptides as rate expectations are reinforced in other economies,” said Karl Schamotta, chief market strategist at payments company Corpay about foreign-exchange markets. "Aftershocks are likely to continue as positioning-related adjustments play out."

Read the Reuters article here.