U.S. short-term interest rate futures rose as traders bet on the increased likelihood of a rate cut by the Federal Reserve.
The US non-farm performance in September was "off the charts"! Traders are betting that the Federal Reserve will cut interest rates by only 25 basis points each in the next two meetings. A picture to understand the highlights of this data > >
Traders are betting that the Bank of England will cut interest rates by 18 basis points next month (up from 10 basis points last week) and 62 basis points by the end of the year.