U.S. rate futures have priced in a 91.9% probability of a 25 basis point rate cut and an 8.1% chance of no rate change at October’s monetary policy meeting.San Francisco Fed President Mary Daly said on Wednesday that more interest rate cuts will likely be needed, but noted that policymakers should proceed carefully. “It is likely that further policy adjustments will be needed as we work to restore price stability while providing needed support to the labor market,” Daly said.Meanwhile, U.S. Treasury Secreta ...