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PrintTraders bet 25 bps Fed cut in Nov more likely than a bigger 50 bps cut
BY Reuters | ECONOMIC | 09/30/24 02:03 PM EDTSept 30 (Reuters) - Traders on Monday kept bets the Federal Reserve is more likely to deliver a quarter-point interest rate cut in November rather than repeat the half-point cut it delivered earlier this month, as Fed Chair Jerome Powell said rates will "over time" reach a neutral level.
Prices of interest-rate futures contracts reflect about a 60% chance of a quarter-point cut, versus about a 40% chance of a half-point cut. (Reporting by Ann Saphir; editing by Jonathan Oatis)
