William Blair：2024年经济学人周刊-应对更强劲的美元（英文版）

After plenty of to-ing and fro-ing about the impact of cutting rates ahead of the Fed, the ECB confirmed that with inflation now effectively at the 2% target, a rate cut should be expected at next week’s monetary policy committee meeting. As this decision found its way into the consensus, the euro has moved lower and fallen almost 3% since the start of the year against the dollar. Conversely, the Fed is seemingly backing out on expected rate cuts, with the market now pricing in just 25 basis