Fed Cuts By 50, Further Easing Expected

- By FX Markets Staff
- @FXMarkets_
- 21 May 2001

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WASHINGTON DC -- The Federal Reserve slashed US interest rates by 50 basis points last week, and dovish talk from the central bank has prompted analysts to look for further cuts.

"I think the Fed will go for another 50 basis point cut," Steven Saywell, currency strategist at Citibank in London, told FX Week. "We are not forecasting any further inter-meeting cuts, but the door has been left open for further action."

In a statement issued after the decision, which was made by the Federal Open Market

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