More than 23% of Traders Anticipate Interest Rate Reduction at FOMC

A surge in traders predicting a rate reduction at the upcoming FOMC meeting reflects concerns over a potentially hawkish Fed nominee.

The percentage of traders forecasting a possible interest rate cut during the forthcoming Federal Open Market Committee (FOMC) meeting has exceeded 23%. This uptick in expectations follows growing apprehensions regarding a Fed nominee who may adopt a hawkish stance.