Barclays now sees the Fed cutting interest rates by 25 bps just once next year

That follows the developments this week with Trump being elected US president and also the FOMC meeting yesterday. At the balance, Fed chair Powell was a little dovish but he did keep stressing on caution in how they will proceed on policy going into next year. A 25 bps move in December seems to be the likely follow up. But what comes after is likely to remain up in the air, at least for now.

This article was written by Justin Low at www.forexlive.com.