US rate futures lift odds of January cut after unemployment rises in November
YahooGertrude Chavez-Dreyfuss
US rate futures lift odds of January cut after unemployment rises in November
NEW YORK, Dec 16 () - Futures on the federal funds rate, which measure the ‌cost of unsecured overnight loans between ‌banks, on Tuesday briefly raised the probability of the Federal Reserve cutting interest rates at ⁠the next ‌policy meeting in January after data showed U. The market priced in a 31% chance the Fed will reduce rates ...
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