(Reuters) - A surge in futures on Thursday accelerated the implied
timing of a Federal Reserve rate cut to late 2007 from
mid-2008, and dealers said futures are subject to some
profit-taking pressure.
The Federal Open Market Committee next meets on Aug. 7. The
implied prospects for a cut in benchmark interest rates at that
meeting are about 15 percent.
Read more at Reuters.com Bonds News
timing of a Federal Reserve rate cut to late 2007 from
mid-2008, and dealers said futures are subject to some
profit-taking pressure.
The Federal Open Market Committee next meets on Aug. 7. The
implied prospects for a cut in benchmark interest rates at that
meeting are about 15 percent.
Read more at Reuters.com Bonds News
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