Golden Finance reported that as the results of the U.S. presidential election vote counting were announced throughout the evening, traders reduced their bets on the Federal Reserve lowering interest rates next year on Tuesday. Interest rate futures traders continue to bet that the Federal Reserve will cut rates by 25 basis points this week and in December, but now expect the Federal Reserve may stop cutting rates after lowering them by 25 basis points twice in the first half of 2025, bringing the target range for the federal funds rate down to 3.75%-4%.