Barclays Says Markets Price Higher Odds of Sharp Fed Cuts Next Year
Barclays research says derivatives markets show investors increasingly paying for protection against steep Fed rate cuts rather than rate hikes.
The probability of sharp interest rate cuts by the Fed next year has increased in derivative markets, according to Barclays research. Investors are increasingly paying up for protection against steep Fed rate cuts rather than rate hikes, the bank's analysts say in a note. Despite the Fed's Septembe…