Traders keep bets on 25 bps Fed rate cuts in Nov, Dec

(Reuters) – The case for quarter-point U.S. interest-rate cuts at upcoming Federal Reserve policy meetings appeared intact on Friday after a report showed producer prices were unchanged last month compared to the prior month, suggesting inflation continues on track toward the Federal Reserve's target.

Futures contracts that settle to the Fed's policy rate continued to imply only a 15% chance that the Fed will leave its target for short-term borrowing costs in the current 4.75%-5.00% range when it meets in early November, with the bulk of bets on reductions in each of the last two meetings of this year and for the each of the first several meetings of 2025, to be in the 3.50%-3.75% range by the middle of next year.

(Reporting by Ann Saphir; Editing by Toby Chopra)

  • Related Posts

    Investment banking surge at Morgan Stanley solidifies Wall Street revival

    An investment banking surge at Morgan Stanley (MS) solidified a dealmaking revival across Wall Street, as the firm's profits in the third quarter exceeded analyst expectations. Fees from investment banking…

    Gold Nears Fresh Record With Focus on US Election and Fed Rates

    (Bloomberg) — Gold rallied toward a fresh record high as investors turned their attention to the upcoming US election, with polls forecasting a razor-thin contest with less than three weeks…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Dow Jones Today: S&P 500, Dow Rise as Stock Market Stabilizes After Selloff

    • By admin
    • October 16, 2024
    • 0 views
    Dow Jones Today: S&P 500, Dow Rise as Stock Market Stabilizes After Selloff

    IRS Issues FAQs Regarding Long-Term Part-Time Employees in 403(b) Plans

    • By admin
    • October 16, 2024
    • 1 views
    IRS Issues FAQs Regarding Long-Term Part-Time Employees in 403(b) Plans

    Investment banking surge at Morgan Stanley solidifies Wall Street revival

    • By admin
    • October 16, 2024
    • 2 views
    Investment banking surge at Morgan Stanley solidifies Wall Street revival

    Gold Nears Fresh Record With Focus on US Election and Fed Rates

    • By admin
    • October 16, 2024
    • 2 views
    Gold Nears Fresh Record With Focus on US Election and Fed Rates

    World Set for Cheaper Energy on Shift From Oil and Gas, IEA Says

    • By admin
    • October 16, 2024
    • 4 views
    World Set for Cheaper Energy on Shift From Oil and Gas, IEA Says

    Oil Climbs With Middle East Risks and Chinese Demand in Focus

    • By admin
    • October 16, 2024
    • 4 views
    Oil Climbs With Middle East Risks and Chinese Demand in Focus