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Traders on Wall Street are placing significant bets on the likelihood of a Federal Reserve interest-rate cut in July. These bets, which could yield up to $28 million, are drawing attention in the fed funds futures market. The wagers are based on the expectation that US policymakers will reduce rates, diverging from the market-implied consensus. The bets stand to benefit if the odds rise for a rate cut at the July meeting.
✂️ Pair of Big Bets Stand to Benefit If Odds Rise for Fed Interest-Rate Cut in July https://t.co/U3k8Vr4MS0 https://t.co/OMjIL3zZBh
A pair of large bets in the fed funds futures market are attracting attention on Wall Street by setting aside the market-implied consensus for the Federal Reserve’s first interest-rate cut. The wagers stand to benefit from a ramp-up in expectations that US policymakers will…
(Bloomberg) -- A pair of large bets in the fed funds futures market are attracting attention on Wall Street .. The wagers stand to benefit from a ramp-up in expectations that US policymakers will reduce rates as soon as July. @EddBolingbroke @business #FOMC 🇺🇸
