Traders cut their expectations for another big rate cut by the Federal Reserve to zero by June next year.

CoinVoice recently learned that according to CME Fedwatch data, after the Fed cut interest rates by 50 basis points in September, the federal funds futures interest rate market expected the Fed to further cut interest rates by 175 basis points or more by June next year, which soared to 77%. Traders now believe that the probability of the Fed's further large-scale interest rate cuts during this period has returned to zero.

The Fed's forecasts have been terrible in the past. Skeptics, including (Wall Street Journal) columnist James Mackintosh, point out that Fed policymakers are widely divided over where interest rates will ultimately stay. [Original link]