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

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

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

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

By Reuters

Reuters

Reuters

Ex-Fed insider warns of systemic 'liquidity crisis,' sees gold sell-off as a major 'distress signal'

Why gold revaluation charts put prices at $25,000-$55,000 if history rhymes, silver poised for breakout: Crescat Capital Strategist

Gold and silver see worst one-day drop in years, but long-term uptrend remains solid - Experts

Strong price pressure on gold, silver amid extreme volatility

It’s time to take profits on gold and silver, but ‘this is the trifecta I’m watching’ - Marketgauge’s Schneider