The probability of a Fed rate cut in December rises, and the dollar falls
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2024-12-03 05:02:01 3,163
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Golden Finance reported that the two-year U.S. bond yield fell 2 basis points in the short term, and was last at 4.18%. The U.S. dollar index fell 15 points in the short term. U.S. interest rate futures slightly increased the probability of a 25 basis point rate cut by the Federal Reserve this month to 70%. On the news, Fed Governor Waller is leaning toward a rate cut in December.