Traders see higher chance of U.S. rate cut in September

NEW YORK (Reuters) - U.S. interest rates futures rose on Thursday as traders rebuilt bets the Federal Reserve may decrease borrowing costs again in September, a day after it cut rates for the first time since 2008.

At 9:25 a.m. (1335 GMT), interest rates futures implied traders see a 57% chance the U.S. central bank would cut key lending rates at its Sept. 17-18 policy meeting, higher than the 51% implied chance late on Wednesday, according to CME Group's FedWatch program.

(Reporting by Richard Leong; Editing by Bernadette Baum)

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