Today: September 21, 2024
Today: September 21, 2024

Fed's next rate cut will be smaller, traders bet

Federal Reserve Chair Jerome Powell interest rate announcement at the New York Stock Exchange (NYSE) in New York City
September 19, 2024
Reuters

(Reuters) - Traders on Thursday added to bets the U.S. Federal Reserve's next rate cut will be smaller than the one it delivered on Wednesday, after economic data showed an unexpected drop in unemployment insurance claims.

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