Fed's stay-high mantra fails to stop bets on a 2023 rate cut1 min read 06 Oct 2022, 08:22 AM IST
Eurodollar futures showed reduced expectations Wednesday for Fed interest-rate cuts in 2023 but still price in around a one quarter-point move and at least two more in 2024
Federal Reserve officials keep repeating the mantra they don’t plan to cut interest rates next year. Traders keep doubting them.
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