Traders triple their expectations of further interest-rate cuts as coronavirus fears snowball

AP Photo/Richard Drew Traders are pricing in two rate cuts from the Federal Reserve, despite its guidance to the contrary, Bloomberg reported. That's as risk markets sold off, with the Dow dropping 1000 points at the start of Monday. Visit Business Insider's homepage for more stories. Traders are betting that coronavirus will force central banks to do what many have said they won't in 2020: cut rates. Bloomberg reported that markets expect a 205-basis-point interest rate cut from seven major cen...