U.S. short-term interest rate futures rise after PCE inflation data is released
U.S. short-term interest rate futures rose after the PCE inflation data was released, reflecting an increased market expectation for further rate cuts by the Federal Reserve. Interest rate futures traders believe that the possibility of a 50 basis point cut by the Fed in November is slightly higher than a 25 basis point cut.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The altcoin season index remains at a low level, currently at 19.
The probability of Stable token's FDV exceeding $2 billion on its first day of launch rises to 85%
MOODENG surges over 43% in 24 hours, with a current market cap of $104 million
Trending news
MoreCrypto prices
More
