Traders reduce bets on a pause in the Fed's rate cuts, expecting 25 basis point cuts in subsequent meetings

Traders on Thursday increased bets that the Federal Reserve will cut interest rates by 25 basis points in November after inflation data last month was slightly higher than expected. After the release of the CPI data, traders began to exit bets that the Fed will pause rate cuts in November, and now expect the Fed to cut interest rates by 25 basis points in the next few meetings. (Jinshi)