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Derivatives traders are confident that the Federal Reserve will cut interest rates twice this year

Treasuries rose, yields fell, and mixed data from the labor market kept traders betting that Federal Reserve officials will cut interest rates this year. While the June non-farm payrolls report showed higher-than-expected job growth, previous months' data were revised downward and the unemployment rate rose. Derivatives market traders have further strengthened their bets on rate cuts, with their expectations for the probability of two rate cuts this year once again reaching 100%. The current est...

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2024-07-05 22:28:34
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