[Federal Reserve's Williams Says Rate Cuts May Happen 'Soon,' Traders Increase Bets on December Fed Rate Cut] Jin10 News, November 21 – According to foreign media reports, traders on Friday increased their bets that the Federal Reserve will cut rates for the third consecutive time at the December meeting, as Federal Reserve's Williams indicated that the Fed may cut rates 'soon.' Short-term interest rate futures now reflect a 57% probability of a Fed rate cut in December, significantly higher than the previous level of below 50%.