The Fed rate decision is imminent, traders are betting on a balanced trend
As the Federal Reserve's interest rate decision approaches, the outcome appears to be more uncertain. According to data from the Chicago Mercantile Exchange (CME), in the past few hours, traders have been more evenly betting between a 50 basis point rate cut (currently with a probability of about 55%) and a 25 basis point rate cut (with a probability of 45%). Earlier on Wednesday, a 50 basis point rate cut was favored with a 2:1 probability advantage, but due to strong economic data, the more conservative option of a 25 basis point rate cut has gained more support. With the likelihood of a significant rate cut diminishing, U.S. bond yields are rising. The yield on the 2-year U.S. Treasury note is currently at 3.657%, up from 3.59% at Tuesday's close
Jin10 data news on September 19th, as the Federal Reserve interest rate decision approaches, the outcome appears to be more uncertain. According to data from the CME Group, traders have been more evenly betting between a 50 basis point rate cut (currently with a probability of about 55%) and a 25 basis point rate cut (with a probability of 45%) in the past few hours. Earlier on Wednesday, a 50 basis point rate cut was favored with a 2:1 probability advantage, but due to strong economic data, the more conservative option of a 25 basis point rate cut has gained more support. With the reduced likelihood of a significant rate cut, U.S. bond yields are rising. The yield on the 2-year U.S. Treasury note is currently at 3.657%, up from 3.59% at Tuesday's close