The Fed Cut Rates, So Why Did the U.S. Dollar Soar?
Yesterday, we saw something in the financial markets that might seem confusing. The U.S. Federal Reserve—the nation’s central bank—cut its key interest rate. Normally, an action like this would make the U.S. dollar weaker. Instead, the dollar had its best day in weeks, gaining strength against other world currencies. So, what happened?What the Fed Did […]