Contracts tied to the Fed's policy rate continued to price in less than a one-in-four chance of a 2019 Fed rate hike, and about a one-in-four chance of a rate cut by early next year.

Fed forecasts released last month signaled policymakers expect two rate hikes this year, but minutes released Wednesday showed many of them believe the U.S. central bank can afford to be patient about further tightening.

(Reporting by Ann Saphir, Editing by James Dalgleish)