#Traders Abandon Rate Cut Bets#

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Overview

Traders have recently shifted their bets on a Fed rate cut before July, no longer fully pricing in that expectation. This implies a weakening of market expectations for a Fed rate cut, potentially linked to recent strong economic data and concerns expressed by Fed officials about inflation.

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Analysis

Traders have recently abandoned bets that the Federal Reserve will cut interest rates before July. This shift reflects market concerns about persistent inflation and the possibility that the Fed may maintain a tighter monetary policy for longer. Previously, the market widely expected the Fed to begin cutting rates in the second half of this year to address the risk of an economic slowdown. However, recent economic data showing stubbornly high inflation has dampened trader expectations of a Fed policy shift. Despite this, the market still expects the Fed to slow the pace of rate hikes in the coming months and eventually begin cutting rates next year.

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Classic Views

Traders are no longer fully pricing in bets that the Fed will cut rates before July.

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Market expectations for a Fed rate cut may be delayed.

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The likelihood of a Fed rate cut has decreased.

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Market expectations for a shift in Fed policy have changed.

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