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

Traders now see Fed starting rate cuts later in 2024 

FILE PHOTO: A cyclist passes the Federal Reserve building in Washington, DC
April 26, 2024
Reuters

Traders of futures contracts that track expectations for the Federal Reserve's policy rate pushed out bets on the U.S. central bank's likely first interest-rate cut to June of next year, after Fed Chair Jerome Powell said he was not yet convinced rates are "sufficiently restrictive." 

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