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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%.

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