Bloomberg (July 28)
2024/ 07/ 29 by jd in Global News
“Bond traders who’ve set themselves up for gradual interest-rate cuts starting in September are ramping up side bets in case a sudden slide in the US economy forces the Federal Reserve to be even more aggressive.” A minimum of two quarter-point rate reductions are priced in for the year and “some traders have gone even further with wagers that pay off if central bankers go bold and deliver a half-point cut in mid-September — or start lowering rates sooner.”
Tags: Aggressive, Bond traders, Central bankers, Economy, Fed, Half-point, Interest, Quarter-point, Rate cuts, September, Slide, U.S.
