Futures trading reflected a high 88% probability that the Fed will enact another interest rate cut at the November and December FOMC meetings. — Bloomberg
GLOBAL markets in the past week were driven by expectations of a US Federal Reserve (Fed) interest rate cut in September.
Trading in Fed Funds futures indicated a probability of slightly over 100%, suggesting that the Fed will implement a 25 basis points (bps) cut (or more) in the Fed Funds Rate at the scheduled Federal Open Market Committee (FOMC) meeting on Sept 19.
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