September 6, 2019 / 12:40 PM / 10 days ago

Traders keep bets on two more Fed interest rate cuts in 2019

Sept 6 (Reuters) - U.S. short-term interest rate futures on Friday pared earlier losses after a government report showed U.S. employers slowed hiring in August, leaving intact bets that the Federal Reserve will follow July’s interest-rate reduction with two more rate cuts this year.

Traders are pricing in a quarter-point decrease in the Fed’s policy rate target, to a range of 1.75% to 2%, at the Fed’s Sept. 17-18 meeting, with a second policy easing expected by year’s end, based on futures contracts traded at CME Group. (Reporting by Ann Saphir )

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