Traders cut bets on May Fed rate cut after Trump suspends tariffs

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ChainCatcher reports, US President Trump stated on Wednesday that he would suspend the previously announced plan to significantly raise tariffs on most countries for 90 days. Subsequently, traders substantially reduced their previous bets on the Federal Reserve starting to cut interest rates in May. Interest rate futures trading indicates that traders now believe the likelihood of the US cutting rates starting in June is much higher than in May. They still believe that the Federal Reserve will cut rates a total of four times by the end of this year. (Jinshi)

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