Markets see 80% chance of December Fed cut after inflation data

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The story "Markets see 80% chance of December Fed cut after inflation data" was covered 1 weeks ago by Business Mirror, a news publisher based in Philippines.

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Markets see 80% chance of December Fed cut after inflation data - Business Mirror

Quick Summary:

Traders added to wagers that the Federal Reserve will cut interest rates by another quarter point next month after in-line inflation data, spurring gains for Treasury debt.

Fed policymakers have been delivering the message that—after their initial half-point rate cut in September and a quarter-point reduction on November 7—future moves are contingent on inflation continuing to show improvement.

The 10-year TIPS yield is about 2.1%, up from as low as 1.5% in mid-September, a period in which the nominal 10-year yield climbed about 80 basis points as inflation expectations increased.