Traders Put Half-Point ECB Rate Cut in Play as Economy Teeters.

Traders are increasingly betting on the European Central Bank implementing a significant interest rate cut in December due to concerns about economic growth. Market indicators suggest an 18% chance of a half-point cut at the final meeting of the year, with expectations of quarter-point reductions at every meeting through April. This shift in outlook follows recent rate cuts by President Christine Lagarde in response to a weakening economy, signaling a potential for more aggressive easing measures in the future. [Extracted from the article]