“Futures Traders Raise Odds for Year-End Rate Cuts amid Fears of Regional Bank Crisis”
Market participants have increasingly been pricing in multiple rate cuts by the US Federal Reserve in 2023, with a 59% chance of the central bank’s main policy rate target falling to between 4.25% and 4.5%, according to the CME FedWatch tool. This represents a significant increase from the 28% chance recorded on Monday and implies […]