Traders Pile Into Contrarian Bet That Fed Will Front-Run Cuts

📆 4/17/2024 8:42 PM
📰 BNNBloomberg

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Traders in the interest-rate futures market are piling into a contrarian bet that would pay off in the event of aggressive Federal Reserve monetary easing this year.

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State Street Stands by Contrarian Bet Fed Will Cut Rates in JuneState Street Global Advisors is standing by a contrarian call for the Federal Reserve to cut interest rate as soon as June despite a string of hot economic data that has spurred most traders to push back bets to later in the year.
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