Traders see about a 60% chance of a Fed rate cut in December
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Odaily Odaily News: Adam Button, an analyst at the financial website Forexlive, said that the Fed's minutes sent a consistent message about gradually adjusting policy, and only "some" officials were talking about pausing. According to CME Watch data, traders expect the Fed to cut interest rates by 25 basis points at its meeting next month with a 59.6% probability, which is higher than 52.3% on Monday, but not much changed from 58.9% a week ago.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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