Traders now see 73% chance that the US Federal Reserve will cut its benchmark interest rates three-quarters of a percentage point next week, compared to 84% seen during Monday’s Asian trading hours, according to CME’s FedWatch tool. In fact, during the North American trading hours, markets were pricing in near-100% odds the Federal Reserve will drive interest rate targets down to zero percent next week. That probability, however, has dropped sharply to levels below 30%. The Fed cut interest rates by 50 basis points to 1.25% last week. The move, however, failed to bring cheer to the financial markets. The Dow Jones Industrial Average tanked by over 2,000 points on Monday as prospects of an all-out oil price war between Saudi Arabia and Russia bolstered the coronavius-led risk aversion. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next New Zealand Finance Minister: RBNZ has room to move on rates FX Street 3 years Traders now see 73% chance that the US Federal Reserve will cut its benchmark interest rates three-quarters of a percentage point next week, compared to 84% seen during Monday's Asian trading hours, according to CME's FedWatch tool. In fact, during the North American trading hours, markets were pricing in near-100% odds the Federal Reserve will drive interest rate targets down to zero percent next week. That probability, however, has dropped sharply to levels below 30%. The Fed cut interest rates by 50 basis points to 1.25% last week. The move, however, failed to bring cheer to the financial markets. The… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
