[ad_1]
Traders are increasing their bets on the Federal Reserve implementing a second 50-basis-point interest rate cut in November following a report showing a slight uptick in Inflation for August. This paves the way for the Central bank to concentrate on bolstering the labor market. Interest rate futures contracts now indicate a 54% likelihood of a half-point cut in November, with a remaining 46% chance of a quarter-point reduction. Traders are anticipating a 75 basis point decrease in the policy rate by the end of the year, currently standing between 4.75% and 5.00%.
[ad_2]
SOURCE
Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.