Traders weigh chance of Fed cutting U.S. rates after Brexit

Traders gather for the opening of LinkedIn Corp. at the post where it is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 13, 2016. REUTERS/Brendan McDermid

U.S. short-term interest rates futures rose to contract highs in early U.S. trading on Friday after Britons voted to leave the European Union, spurring traders to expect the Federal Reserve may cut interest rates to help shield the economy from any global fallout.

Federal funds futures implied traders priced in a 10 percent chance the U.S. central bank may reduce key U.S. rates at its July 25-26 policy meeting. That later slipped to 4 percent , according to Reuters data.

Source: Reuters

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.