Open in App
  • U.S.
  • Election
  • Newsletter
  • Reuters

    Traders add to Fed rate cut bets as inflation eases

    By Reuters,

    1 day ago
    https://img.particlenews.com/image.php?url=0RIx2v_0u7MTCiM00

    (Reuters) - Market bets rose on Friday that the Federal Reserve will cut interest rates by September and do so again in December after a government report showed a key measure of U.S. inflation weakened last month.     Traders of futures contracts tied to the Fed policy rate now see about a 68% chance of a rate cut by the Fed's September meeting, up from about 64% earlier, after the data showed inflation by the personal consumption expenditures index did not rise at all from April to May.

    (Reporting by Ann Saphir; Editing by Sharon Singleton)

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Most Popular newsMost Popular

    Comments / 0