PANews reported on November 21 that, according to foreign media reports cited by Jinshi, traders increased their bets on a third consecutive interest rate cut by the Federal Reserve at its December meeting on Friday, after Fed official Williams indicated that the Fed might cut rates "in the near future." Short-term interest rate futures currently reflect a 57% probability of a Fed rate cut in December, significantly higher than the previous estimate of less than 50%.PANews reported on November 21 that, according to foreign media reports cited by Jinshi, traders increased their bets on a third consecutive interest rate cut by the Federal Reserve at its December meeting on Friday, after Fed official Williams indicated that the Fed might cut rates "in the near future." Short-term interest rate futures currently reflect a 57% probability of a Fed rate cut in December, significantly higher than the previous estimate of less than 50%.
Traders on Friday increased their bets on a third consecutive rate cut by the Federal Reserve at its December meeting.
PANews reported on November 21 that, according to foreign media reports cited by Jinshi, traders increased their bets on a third consecutive interest rate cut by the Federal Reserve at its December meeting on Friday, after Fed official Williams indicated that the Fed might cut rates "in the near future." Short-term interest rate futures currently reflect a 57% probability of a Fed rate cut in December, significantly higher than the previous estimate of less than 50%.
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