Traders are pricing in 32 basis points worth of easing at the Fed’s September gathering. — Bloomberg
NEW YORK: Bond investors have reinforced their bets that Federal Reserve (Fed) officials will cut interest rates by a quarter-point in September as US inflation continues to ebb.
Traders are pricing in 32 basis points worth of easing at the Fed’s September gathering, trimming their expectations from a day earlier – and lowering the odds of a half-point cut at the next central bank meeting to about one-third.
