The US Federal Reserve wants to get to neutral quickly as it increasingly prioritises potential jobs weakness at a time when it is more comfortable with the inflation backdrop.

NEW YORK (Reuters) -Futures on the fed funds rate, which measures the cost of unsecured overnight loans between banks, have priced in on Wednesday about 73 basis points of additional rate cuts by the Federal Reserve by the end of the year,

Policymakers see the Fed's benchmark rate falling by another half of a percentage point by the end of this year, another full percentage point in 2025, and by a final half of a percentage point in 2026 to end in a 2.