Traders See A 65% Chance The Federal Reserve Cuts Interest Rates At Least Once In 2019
Investors are raising their expectations that the Federal Reserve will cut rates at least once this year, ahead of today’s Fed policy meeting. Driving the news: Fed funds futures prices show traders see a 65% chance the Fed cuts rates at least once this year and a greater than 20% chance of 2 rate cuts, according to CME Group’s FedWatch tool. Bets on more than 1 rate hike have…
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