"Market Reacts: Fed Swaps Shift Odds of Rate Cut, Bond Yields Fall Ahead of Fed Decision"

Bond traders have reduced the likelihood of a Federal Reserve interest-rate cut in March to about one-in-three, following a report on US job openings indicating strength in the labor market. The odds of a rate cut in May have also decreased, with confidence in rate cuts reaching the lowest point since mid-December. The Fed's rate-setting committee is expected to make no change at its upcoming meeting, but statements from Chair Jerome Powell may impact the outlook for interest rates.