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Traders increase bets on Fed rate cut by 25 basis points

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2024-10-04 20:34:22
Trader Plus Fed rate cut 25 basis pointsdesk3cryptocurrencydesktopCrypto News
On October 4th, following the strong employment data, traders further bet that the Federal Reserve will continue to cut interest rates by 25 basis points in November and December.
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After the non-agricultural data was released, U.S. stock futures rose. Dow futures rose 0.34%, S & P 500 futures rose 0.51%, and Nasdaq 100 index futures rose 0.79%.
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U.S. short-term interest rate futures fell as traders expected the Federal Reserve to reduce interest rate cuts following the September release of non-farm data.

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