[State Street Bank: Fed Rate Cuts May Exceed Expectations, Dollar Could Plunge 10% This Year] Odaily Planet Daily News – State Street Corp. strategist Lee Ferridge stated that once the next Federal Reserve Chair takes office, the Fed's rate cuts could exceed market expectations, and the dollar might drop 10% this year. Currently, traders anticipate that the Fed will resume rate cuts around June and implement at least two 0.25 percentage point cuts by the end of the year. However, Ferridge, in an interview during the TradeTech FX conference in Miami, suggested that officials might have room for a third rate cut in 2026. This perspective partly stems from his belief that Powell's successor will face pressure from Trump to lower borrowing costs. (Jin10)