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Traders Bet on Fed Rate Cuts by June 2024 as Odds Rise for March 2024 Cuts

6 posts • GPT (3)

Published Nov 2, 2023, 10:36 PM

Traders of short-term U.S. interest rates are increasing their bets that the Federal Reserve will start cutting rates by June 2024. After the recent Fed meeting, futures markets are now projecting a 37% chance of another rate hike ahead and rate cuts beginning in June 2024. Interestingly, odds of rate cuts into March 2024 are also rising. The implied short-term interest rate for the end of 2024 has fallen 17 basis points on the day, indicating traders are pricing in 93 basis points of rate cuts next year.

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Market Rebellion

@MarketRebels

TRADERS OF SHORT-TERM U.S INTEREST RATES ADD TO BETS THE FED WILL START CUTTING RATES BY JUNE 2024

Matthew B

@boes_

Big rally in futures as Fed Chair Jerome Powell strikes a dovish tone, with the implied short-term interest rate for the end of 2024 down 17 bps on the day. In other words traders are back to pricing 93 bps of rate cuts next year, after that number fell as low as 68 two weeks ago

Earnings Hub - Savvy Trader

@EarningsHubHQ

Jerome Powell and the 🇺🇸 Fed's rate hikes so far this cycle March 2022: +25 to 0.25-0.50% May: +50 to 0.75-1.00% June: +75 to 1.50-1.75% July: +75 to 2.25-2.50% September: +75 to 3.00-3.25% November: +75 to 3.75-4.00% December: +50 to 4.25-4.50% February 2023: +25 to 4.50-4.75%…

Traders Bet on Fed Rate Cuts by June 2024 as Odds Rise for March 2024 Cuts

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