EUR/USD stayed on the back foot on Tuesday, adding to Monday’s pessimism and testing support in the mid-1.1600s.
Key Takeaways The next Federal Reserve policy committee meeting is scheduled for Oct. 28 and 29.The Fed is widely expected to cut the fed funds rate by a quarter of a percentage point to a range of 3.
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Weakness in consumer-facing sectors is a painful reminder of the differences between the economy and the stock market.