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Traders are ready for the least "dovish" Fed
Sina Financial News According to data from Fed Funds Futures, Intrerest Rate traders are currently expecting the Fed to cut interest rates by the smallest rate in 2024 to date. The change in borrowing costs in December 2024 and January 2025 is also expected to be the smallest to date, even lower than when the 10-year Treasury yield peaked in late October last year. Meanwhile, the ICE BofA MOVE index, which measures the implied volatility of Treasuries, rose today to its highest point since early January.