Traders Bet on Lower Rates Amid Fed Chair Speculation

Traders are placing significant bets on US interest rate changes, anticipating a new Federal Reserve chair and upcoming economic data. The SOFR futures market shows increased activity, suggesting a faster pace of monetary policy easing. Kevin Hassett, a potential Fed chair candidate, has created uncertainty, with traders preparing for various scenarios. Goldman Sachs strategists are also hedging positions ahead of the November labor market data, which could lead to more rate cut predictions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.