TechFlow news, November 6 - According to Jinshi Data, as vote counting results from the U.S. presidential election rolled in Tuesday evening, traders reduced their bets on Federal Reserve rate cuts next year. Rate futures traders still expect the Fed to cut rates by 25 basis points this week and another 25 basis points in December, but now anticipate the central bank may pause after two additional 25-basis-point cuts in the first half of 2025, bringing the federal funds rate target range down to 3.75%-4%.
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