More Traders Confident About 3 Rate Cuts This Year

Group 1 - The S&P 500 has reached a new high, indicating strong market performance [1] - Nearly 90% of traders anticipate interest rates will be between 3.5% and 3.75% by December, suggesting a potential 25 basis point cut at each of the three remaining meetings this year [2] - Expectations for a 25 basis point rate cut are strong ahead of the Federal Open Market Committee meeting next week, with 11% of traders predicting a larger 50 basis point cut [3]