Traders expect the Fed to cut interest rates twice next year and then stop.

Odaily Star Daily News As the vote counting results of the US presidential election were released one after another in the evening, traders reduced their bets on the Fed's interest rate cuts next year on Tuesday. Interest rate futures traders continue to bet that the Fed will cut interest rates by 25 basis points each this week and in December, but now it is expected that the Fed may stop cutting interest rates after two 25 basis point cuts in the first half of 2025, and the federal funds interest rate target range will be lowered to 3.75%-4%. (Jinshi)