September 17, 2019 / 10:01 PM / 3 months ago

Fed rate cut a coin toss, futures imply

NEW YORK, Sept 17 (Reuters) - Federal funds futures implied late on Tuesday that traders see about a 51% chance that the U.S. Federal Reserve will lower key borrowing costs by 25 basis points after the policy-setting committee meets on Wednesday, according to the CME Group's FedWatch tool here

The near-even odds for a cut or no move compare to futures pricing a 92% chance of a 25 bps cut just a week ago.

Reporting by Rodrigo Campos

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