Traders Scale Back Bets on October Fed Rate Increase
Expectations for an October Federal Reserve rate increase eased following cool PCE data, according to Bloomberg.com.
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- Traders reduced bets on a Federal Reserve rate increase in October.
- Bloomberg.com linked the pullback to cool PCE data.
- The development concerns market expectations, not an announced policy decision.
Traders reduced their bets on a Federal Reserve interest-rate increase in October after cool personal consumption expenditures (PCE) data, according to Bloomberg.com.
The shift was in market expectations for an October hike, rather than an announced change in Federal Reserve policy. The reported pullback points to less conviction among traders that rates would rise that month.
Bloomberg.com linked the change in positioning to the PCE release. Its report described traders as scaling back their bets, not abandoning the possibility of an increase altogether.
For business and markets readers tracking the interest-rate outlook, the central development is the easing of October hike expectations following the economic data.
