NEW YORK: US interest rates futures turned higher on Wednesday, erasing their earlier losses, as traders reduced their bets on a US rate increase following the release of minutes on the Federal Reserve's policy meeting in July.
Federal funds futures for December delivery were up 1 basis point at 99.53.
This implied traders saw a 47 percent chance the central bank would raise rates at its Dec. 13-14 meeting, down from 58 percent shortly before the release of the minutes, according to CME Group's FedWatch program.
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