Category: stocks

Foreign exchange strategists polled by Reuters said the dollar will remain strong in the coming months as financial markets continue to push back expectations for the timing and magnitude of the Fed's rate cuts. So far this year, the dollar against a basket of major currencies has strengthened by about 3.3%, a reversal of the short-lived downtrend at the end of 2023, with net long bets on the dollar reaching their highest point since September 2022, according to trader position data. The strong U.S. economy and continued inflation are forcing financial markets to reconsider their bets on when the Fed will cut interest rates for the first time.

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"This is a short-term mechanical problem that will disappear after tax day. In other words, take advantage of this short-term distortion."

It is expected that Federal Reserve Chairman Simmons Bauer and other central bankers will comment on the path of rate cuts in 2024.

An analyst who follows the company believes it could see meaningful revenue growth this year.

Shareholders of this fun business are having a good time.