Traders are betting that the Fed's interest rate hike has ended and the likelihood of further hikes is less than 20%.

BlockBeats news on November 2nd: The Federal Reserve kept its benchmark interest rate unchanged at 5.25%-5.50%, in line with market expectations. The US short-term interest rate futures continued to rise earlier as traders bet that the Fed's rate hikes were over and the likelihood of further rate hikes had dropped to less than 20%, increasing bets that the Fed will begin cutting interest rates in June 2024. (Jin10)