Hedge fund expert predicts early rate cut from the Federal Reserve

<p>The US dollar is back near its Tuesday low (much lower against the JPY) as Asia morning comes to terms with the new-found dovishness at the FOMC:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-us-dollar-slumps-after-waller-puts-rate-cuts-on-the-table-20231128/" target="_blank" data-article-link="true">Forexlive Americas FX news wrap: US dollar slumps after Waller puts rate cuts on the table</a></li><li><a href="https://www.forexlive.com/centralbank/feds-goolsbee-says-he-has-some-concerns-about-keeping-rates-too-high-for-too-long-20231128/" target="_blank" data-article-link="true">Fed's Goolsbee says he has some concerns about keeping rates too high for too long</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/hedge-fund-chief-bill-ackman-says-federal-reserve-will-cut-rates-sooner-than-expected-20231128/" target="_blank" rel="follow" data-article-link="true">Hedge Fund chief Bill Ackman says Federal Reserve will cut rates sooner than expected</a></li></ul><p>Ackman is not a Fed official but it's a sharp hedge fund guy. He's tipping a rate cut as early as Q1 next year. </p><p>USD/JPY is down near 147.00:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.