Reported 8 months ago
A pair of large bets in the fed funds futures market are attracting attention on Wall Street by setting aside the market-implied consensus for the Federal Reserve’s first interest-rate cut, with the potential for gains if odds rise for a rate cut in July. Traders are closely monitoring economic data reports and policymaker remarks for clues on the Fed’s policy path, with the market fully pricing in two quarter-point rate reductions later in the year. The bets, mainly in August fed funds futures contracts, indicate a growing momentum behind a rate cut scenario, especially ahead of the July 31 policy announcement.
Source: YAHOO