Reported 2 months ago
Traders who made aggressive bets on significant interest rate cuts by the Federal Reserve in July are now positioned to reap substantial profits as markets adjust their expectations. Following disappointing economic data, market sentiments have drastically shifted, now forecasting a half-point rate cut for the upcoming September meeting, compared to earlier expectations of a quarter-point reduction. Traders who anticipated this change have seen their investments surge, with one notable bet potentially yielding around $85 million in profit.
Source: YAHOO