off-the-wire

Fed rate cut bets rise after inflation rose less than expected in September

Kitco Media
By Reuters
Published:
Updated:
Reuters
Fed rate cut bets rise after inflation rose less than expected in September teaser image

Oct 24 (Reuters) - Traders added to bets the Federal Reserve will deliver two more quarter-point interest rate cuts this year, including one next week, after a U.S. government report showed consumer inflation rose a little less than expected last month.

Futures contracts that settle to the Fed's policy rate also reflected rising expectations for a further rate cut at the Fed's January meeting.

Reporting by Ann Saphir, editing by Philippa Fletcher

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