(Reuters) -Merchants on Wednesday stored bets on Federal Reserve price cuts this 12 months after Fed Chair Jerome Powell stated the U.S. central financial institution is well-positioned to attend for better readability earlier than making any modifications to the stance of coverage.
Merchants of short-term interest-rate futures are betting the Fed resumes price cuts in June and that by 12 months finish the coverage price, at the moment within the 4.25%-4.50% vary, shall be a full share level decrease.
(Reporting by Ann Saphir; Modifying by Chris Reese)
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