Fed Betting on December Rate Cut, U.S. Interest Rates Rise

The Federal Reserve is expected to lower interest rates in December, as indicated by traders and lower U.S. short-term interest rate futures. This expectation has caused a slight decrease in interest rate futures. Additionally, U.S. Treasury yields have slightly increased after the release of PPI and jobless claims data.

Overall, the expectation of a rate cut and the recent economic data have influenced the financial markets.

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