After Trump Suspends Tariffs, Traders Trim Bets on May Fed Cut

BlockBeats News, April 10th, President Trump of the United States stated on Wednesday that he would suspend the plan announced last week to significantly increase tariffs on most countries for 90 days. Subsequently, traders sharply reduced their bets on a Fed rate cut starting in May. Rate futures trading indicates that traders now believe that the possibility of a rate cut in the US starting in June is much higher than in May. They still believe that by the end of this year, the Fed will cut interest rates a total of four times. (FXStreet)