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Fed's Williams said a rate cut could happen "in the near future" as traders increase bets on a December rate cut by the Fed.
[Fed's Williams Says Rate Cut Possible “Soon” Traders Increase Bets on Fed Rate Cut in December] According to foreign media reports, traders on Friday increased their bets that the Fed will cut rates for the third consecutive time at the December meeting, as Fed's Williams indicated that a rate cut may occur “soon”. Short-term interest rate futures currently reflect a 57% chance of a Fed rate cut in December, well above the previous level of below 50%. ( Jin10 )