Tags: federal reserve | interest rate | cut | bets

Traders' Bets Show Rising Doubt for 2 Fed Rate Cuts in '24

Traders' Bets Show Rising Doubt for 2 Fed Rate Cuts in '24
(Dreamstime)

Wednesday, 22 May 2024 02:39 PM EDT

Traders reduced bets Wednesday that the U.S. central bank will cut interest rates more than once this year, as minutes of the Federal Reserve's April 30-May 1 policy setting meeting showed rate-setters thought inflation could take longer to ease than previously thought.

Futures that settle to the Fed's policy rate reflected about a 59% chance the Fed will cut rates by September, down slightly from before the minutes were released.

Contracts reflected about even odds of a second rate cut by December, less than the 54% seen earlier in the day.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Traders reduced bets Wednesday that the U.S. central bank will cut interest rates more than once this year, as minutes of the Federal Reserve's April 30-May 1 policy setting meeting showed rate-setters thought inflation could take longer to ease than previously...
federal reserve, interest rate, cut, bets
91
2024-39-22
Wednesday, 22 May 2024 02:39 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved