October 30, 2019 / 6:08 PM / 23 days ago

Traders keep bets on Fed pause after third rate cut

Oct 30 (Reuters) - U.S. short-term interest rate futures on Wednesday pared earlier gains after the Federal Reserve cut interest rates for a third time this year and signaled it would pause to assess any further need to ease policy.

Traders had nearly fully priced in the Fed’s decision to cut rates by a quarter of a percentage point to a range of 1.5% to 1.75%. They continue to price in one further rate cut next year, based on futures contracts traded at CME Group. (Reporting by Ann Saphir Editing by Chizu Nomiyama)

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