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Benzinga
Benzinga
Business
Piero Cingari

Traders Flood Fed Rate-Cut Bets After Dovish Talks: 'Wild Volatility,' El Erian Says

US Federal Reserve Mohamed ElErian the Federal Reserve Inflation Christopher Waller Mary Daly Interest Rates
fed ai

Traders are rapidly piling into bets that the Federal Reserve will slash interest rates in December, a sharp reversal from just days ago when most expected the central bank to keep borrowing costs unchanged amid inflation concerns.

Why Have Expectations Flipped Again?

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