Traders see about a 60% chance of a Fed rate cut in December

Odaily News Adam Button, an analyst at financial website Forexlive, said the Fed minutes sent a consistent message about gradually adjusting policy, with only "some" officials talking about pausing. According to CME Watch data, traders expect the Fed to cut interest rates by 25 basis points at its meeting next month with a 59.6% chance, up from 52.3% on Monday, but little changed from 58.9% a week ago.