August 1, 2019 / 1:51 PM / 2 months ago

Traders see higher chance of U.S. rate cut in September

NEW YORK (Reuters) - U.S. interest rates futures rose on Thursday as traders rebuilt bets the Federal Reserve may decrease borrowing costs again in September, a day after it cut rates for the first time since 2008.

At 9:25 a.m. (1335 GMT), interest rates futures implied traders see a 57% chance the U.S. central bank would cut key lending rates USFOMC=ECI at its Sept. 17-18 policy meeting, higher than the 51% implied chance late on Wednesday, according to CME Group’s FedWatch program.

Reporting by Richard Leong; Editing by Bernadette Baum

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below