Trader Expects Fed to Cut Rates Twice Next Year and Stop

BlockBeats News, November 6th, as the results of the U.S. presidential election votes continued to be released in the evening, traders on Tuesday reduced their bets on a Fed rate cut next year.

Interest rate futures traders continued to bet that the Fed will cut rates by 25 basis points this week and in December, but now expect the Fed to cut rates twice by 25 basis points in the first half of 2025 before pausing, bringing the federal funds rate target range to 3.75%-4%. (Kryptonite)