Traders see around 60% chance of Fed rate cut in December
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2024-11-27 05:02:01 4,978
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Golden Finance reported that Adam Button, an analyst at financial website Forexlive, said that the Fed meeting minutes sent a consistent message about gradually adjusting policy, and only "some" officials were talking about a pause. Traders see a 59.6% chance that the Fed will cut interest rates by 25 basis points at next month's meeting, up from 52.3% on Monday but little changed from 58.9% a week ago, according to CME Watch data.