The cautious stance of the Federal Reserve on interest rates has seen the probability for a rate cut tumble to a mere 0.1%. As the June FOMC meeting inches closer, traders are expecting rates to remain steady between 425 and 450 bps, but incoming economic data may sway sentiments.
crypto Queen Abrash
06/10 06:42
Traders Bet Against Fed Rate Cut At June FOMC Meet
Traders Bet Against Fed Rate Cut At June FOMC Meeting
The odds of the Fed keeping rates steady have surged to 99.9%, with a 0.1% chance of an interest rate cut ahead of June's FOMC meeting
- Traders are increasing the size of their bets against a Fed interest rate cut.
- Fresh data indicates that there is a 0.1% chance of rate cuts at the next FOMC meeting.
- However, pressure is piling of the Federal Reserve to cut rates following the ECB's decision to taper its interest rates.
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