Fed October Rate-Hike Bets Fade as Traders Reassess the Path Ahead
Traders who had been positioning for a back-to-back Federal Reserve rate increase in October may have moved too quickly, as softer inflation data and dovish commentary from policymakers prompted a sharp reassessment of the policy outlook. The shift helped steady markets late in the session, even as major U.S. equity indexes finished lower on renewed uncertainty over how aggressively the Fed will move next.
