Traders add to bets Fed is done raising rates, to start cuts in June

Traders add to bets Fed is done raising rates, to start cuts in June

Traders add to bets Fed is done raising rates, to start cuts in JuneWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>WORLD>Americas>Traders add to bets Fed ...PHOTOTraders of short-term U.S. interest rates added to bets Wednesday that the Federal Reserve is done raising its policy rate and will start cutting rates by June of next year, after the U.S. central bank announced it had decided to hold the policy rate steady in its current 5.25%-5.50% range for now.Futures contracts that settle to the Fed's policy rate reflect about a 25% chance of a rate hike by the Fed's January meeting, less than the 35% chance seen before the Fed's policy announcement.(Reporting by Ann Saphir)Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible