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Traders are adjusting their expectations as Fed swaps no longer fully price in a rate cut before December. The timing of the first Fed rate cut has been pushed back to December by some traders.
****TRADERS PUSH BACK TIMING OF FIRST FED RATE CUT TO DECEMBER**** | Who are these traders?? @markets
FED SWAPS NO LONGER FULLY PRICE IN RATE CUT BEFORE DECEMBER @DeItaone
Traders Push Back Timing Of First Fed Rate Cut To December - Bloomberg https://t.co/LPiz2x80xO