Trader Bets Swell on Trump-Backed Fed, Data Stoking US Rate Cuts

The seal of the US Federal Reserve Board of Governors near the Marriner S. Eccles Federal Reserve building in Washington. Traders are piling into bets that a new Federal Reserve chair and the release of delayed economic data this month will support Donald Trump’s calls for lower interest rates. Most Read from Bloomberg In the US futures market, demand is building for short-term curve structures linked to the Secured Overnight Financing Rate, which closely tracks perceived outcomes of Fed interest rate de ...