Traders see 50bps Fed cut likelier than 25bps

Abdur Rahman | September 17, 2024 at 03:37 PM GMT+05:00

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September 17, 2024 (MLN): Traders see a 50 basis point rate cut from the Federal Reserve's Wednesday meeting a more likey outcome than the previously expected 25bps reduction.

Interest rate futures currently signal a 65% chance of a half-point cut. That's up from 34% last week, according to CME's FedWatch tool.

Market sentiment regarding the magnitude of the rate reduction is seldom divided in the US.

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Name	Price/Vol	%Chg/NChg
KSE100	166,322.12 91.56M	0.55% 904.61
ALLSHR	101,024.11 283.09M	0.68% 678.05
KSE30	49,313.53 29.98M	0.56% 275.04
KMI30	240,202.77 46.91M	0.59% 1404.84
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BKTi	45,813.58 3.04M	0.54% 245.85
OGTi	33,776.57 2.72M	0.66% 220.17

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,900.00	82,000.00 80,225.00	-925.00 -1.13%
BRENT CRUDE	104.65	105.83 104.00	-1.41 -1.33%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.20 0.16%
ROTTERDAM COAL MONTHLY	144.90	144.90 144.90	-0.60 -0.41%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	94.26	95.31 93.58	-0.83 -0.87%
SUGAR #11 WORLD	20.88	21.29 20.80	-0.23 -1.09%