TRADERS TURN MORE CONFIDENT ON RATE CUTS
The softer-than-expected October jobs report has made Wall Street traders more confident that the Federal Reserve will cut interest rates at both of its remaining policy meetings this year, rather than sitting one out.
In recent trading, federal-funds futures showed that traders see a 85% chance that the Fed will have cut rates by a half percentage point by the end of the year, according to CME Group data. That was up from 75% Thursday