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News 2026-09-29 19:01 UTC

Traders trim bets on October Fed rate hike after Williams remarks

Financial markets trimmed bets on a Federal Reserve interest-rate hike next month after New York Fed chief John Williams said he sees "no urgency" for further action after US central bank's policy rate increase earlier this month.Traders now see about a 50-50 chance of quarter-point rate hike at th…