[Some bond traders are betting that the Federal Reserve will cut rates more than the market expects in 2025] Golden Finance reports that some bond traders have been increasing their bets on options and futures, anticipating that the Federal Reserve will signal a rate cut next year that exceeds market expectations. Ahead of the Federal Reserve's policy decision, U.S. Treasury bonds rose moderately on Wednesday. Given that a 25 basis point cut by the Federal Reserve is essentially seen as a done deal, the market's focus is on the Federal Reserve's latest quarterly forecast. The dot plot released in September indicated that officials expect to cut rates by 100 basis points over the next two years. However, considering that inflation data shows persistence, the overall market is betting that the Federal Reserve will lower its forecast for rate cuts next year, with swap rates indicating that the Federal Reserve will only cut rates by 50 basis points next year.