Traders cut bets on Fed rate cut in May after Trump suspends tariffs
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Planet Daily News: U.S. President Trump stated on Wednesday that he would suspend the plan to significantly raise tariffs on most countries announced last week for 90 days. Subsequently, traders substantially reduced their previous bets on the Federal Reserve starting to cut interest rates in May. Interest rate futures trading shows that traders now believe the possibility of the U.S. cutting rates starting in June is much higher than in May. They still believe that the Federal Reserve will cut rates a total of four times by the end of this year. (Jintian)
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