Fed nearly likely to cut rates next week

By REUTERS

Sep 15, 2024 12:16 am

THE Federal Reserve is nearly as likely to deliver an outsized interest-rate cut next week as a more-usual-sized reduction, trading in rate-futures contracts suggested on Friday, as financial markets priced in a bigger chance that the Fed will move more aggressively.

A quarter-point reduction at the Fed's September 17-18 meeting is still seen as the slightly more likely outcome, but only marginally so.

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