Giant sinkholes in a South Dakota neighborhood make families fear for their safety
For a week, New York will be center of money-focused fight to slow climate change
Hungarian intelligence agency interviewed CEO linked to exploding Hezbollah pagers
Hundreds of parachutists drop over Dutch heath to commemorate World War II operation
An Israeli strike on a school kills at least 22 people, Gaza Health Ministry says
US election uncertainty clouds UN climate finance progress
Jackson marks 50th appearance for Chelsea with 2 goals in 3-0 win at West Ham
Oktoberfest is open. The world’s largest folk festival begins after ceremonial keg-tapping
Low brow and vulgar? Micro dramas shake up China's film industry, aim for Hollywood
(Reuters) - A report showing consumer price inflation cooled more than expected last month had traders on Tuesday erasing bets the Federal Reserve will raise borrowing costs any further, and piling into bets on rate cuts starting by May.
Traders now see almost less than a 10% chance the Fed will lift its policy rate any higher than the current 5.25%-5.50% range, based on pricing of futures contracts that settle to the Fed's target rate. They had priced in as much as 28% chance of a rate hike by January, before the report.
(Reporting by Ann Saphir, editing by Ed Osmond)
