Thursday, February 27, 2020

Fed seen cutting rates amid virus threat, low inflation

Traders of futures contracts tied to the U.S. central bank's policy rate are already betting on it. On Thursday they were pricing in about a 76% chance of the Fed starting to cut rates as soon as next month and trimming an extraordinary three-fourths of a percentage point by September, according to CME Group's FedWatch.

from Moneycontrol https://ift.tt/397o0JZ

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