Sept 6 (Reuters) - Traders priced in a quarter-point Federal Reserve interest-rate cut this month, with a bigger move expected at its next meeting, after Fed Governor Christopher Waller said recent labor market data shows it is time to cut rates and said he could support a bigger rate cut if the data warrant it.

Traders see a 70% chance of a quarter-point move this month based on rate-futures prices, and are pricing in a Fed policy rate range of 4.5%-4.75% by the Fed's November meeting. The policy rate has been in the 5.25%-5.50% range for more than a year.

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https://www.reuters.com/markets/rates-bonds/traders-see-fed-starting-with-25-bps-cut-sept-2024-09-06/