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Federal Reserve's Williams said a rate cut is possible "in the near future," prompting traders to increase their bets on a December rate cut.

according to foreign media, traders increased their bets on the Federal Reserve cutting interest rates for the third consecutive time at the December meeting on Friday, as Fed's Williams stated that the Fed may cut rates "soon." Short-term interest rate futures currently reflect a 57% chance of a Fed rate cut in December, much higher than the previous below 50%.

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