The futures market bets that the Federal Reserve will not cut interest rates in the short term.
ChainCatcher News, according to Jin Shi, judging from the federal funds rate futures, concerns about the economy have been greatly reduced compared to Trump's "Liberation Day". A month ago, bets in the futures market reflected only a one-fifth chance that the Fed would keep interest rates steady in the first half of the year, with traders arguing that trade policy chaos would weaken the economy, forcing the Fed to respond with easing. Now, the futures market is pricing in about a 90% chance that there will be no rate cut before the end of June.