US rate futures imply 76 bps of cuts by end-2024 after Fed eases rates by half a point
- Posted on September 18, 2024
- By Business News Today
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US rate futures imply 76 bps of cuts by end-2024 after Fed eases rates by half a point
Futures on the fed funds rate have priced in about 76 basis points of additional rate cuts by the Federal Reserve by year-end. This follows a recent decision to cut interest rates by 50 basis points, amid concerns about the U.S. labor market. Rate futures also indicate a probable 25 basis point cut in November.
