Traders cut bets on Fed rate cut in May after Trump suspends tariffs

Odaily News Traders slashed their bets on the Federal Reserve starting to cut interest rates in May after U.S. President Donald Trump said on Wednesday that he would suspend plans to raise tariffs on most countries announced last week for 90 days. Interest rate futures trading shows that traders now believe that the U.S. is much more likely to cut interest rates starting in June than in May. They still believe that the Fed will cut interest rates a total of four times by the end of the year. (Jinshi)