U.S. Interest Rate Futures Traders Slash Bets On June Fed Rate Hike, Add To Bets On Fed Rate Cuts Later In Year
Portfolio Pulse from Happy Mohamed
U.S. interest rate futures traders have reduced bets on a June Fed rate hike and increased bets on rate cuts later in the year, according to Reuters.
May 19, 2023 | 3:25 pm
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POSITIVE IMPACT
Reduced bets on a June Fed rate hike and increased bets on rate cuts later in the year may impact the SPY ETF.
The change in bets on interest rate movements can impact the overall market sentiment and influence the performance of the SPY ETF. A reduced expectation of a rate hike in June and increased bets on rate cuts later in the year may lead to a more positive market sentiment, potentially benefiting the SPY ETF in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50