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Market's Bet on Fed Rate Cut Sees Slight Shift
BlockBeats News Update, January 29th, as scheduled, the Federal Reserve held steady. According to the post-decision announcement, rate futures contracts indicated a 28% probability of a rate cut in April (Powell's last meeting as Fed Chair), slightly down from before;
Meanwhile, the probability of a rate cut in June has risen to 64%, an increase from before, and it is very likely that there will be a second rate cut later this year. (FX678)
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