According to BlockBeats, traders have slightly increased their bets on a Federal Reserve rate cut for the year following the release of the FOMC statement on May 2nd. The increase is estimated to be around 30 basis points. The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve that determines the course of monetary policy. This news indicates a shift in traders' expectations for the future direction of monetary policy.
Traders Increase Bets on Fed Rate Cut After FOMC Statement
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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