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After the number of job openings in the United States decreased, traders increased their bets on the Federal Reserve to cut interest rates
Traders in Fed interest rate futures contracts upped their bets on further Fed rate cuts on Tuesday after a government report showed fewer job openings last month in a possible sign of a further cooling in the job market. Interest rate futures contracts showed growing confidence in the Fed cutting rates by 25 basis points at each of its next two meetings and further cuts next year, with traders lowering their bets on a November pause to about 2 per cent.
2024-10-29 14:22:28
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