June 19, 2019 / 6:09 PM / a month ago

Traders bet heavy on Fed rate cuts ahead

June 19 (Reuters) - Traders of U.S. short-term interest rate futures added to bets that the Federal Reserve will cut interest rates as the year goes on after the Fed ended a two-day policy meeting with a pledge to “act as appropriate” to sustain economic health.

Interest-rate futures prices rose, showing traders are becoming increasingly convinced the Fed policy rate will end the year at below 1.75%, down from 2.25% to 2.5% now. (Reporting by Ann Saphir Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below