Traders reduce bets that the Federal Reserve will pause interest rate cuts

According to ChainCatcher news, foreign media reported that after a government report showed last month's inflation slightly higher than expected, traders increased their bets that the Federal Reserve will cut interest rates by 25 basis points in November. Following the release of the CPI data, traders began to withdraw their bets that the Federal Reserve would pause rate cuts in November, and now expect the Fed to cut rates by 25 basis points in the upcoming meetings.