The chances of the Federal Reserve kicking off its easing campaign next week with a larger 0.5 percentage-point cut in interest rates have picked back up.

Recent trading in interest-rate futures implied a 49% chance that the Fed would cut rates to a range of 4.75% to 5%, according to the CME FedWatch tool. That is up from a 28% chance as of Thursday, and just 14% on Wednesday, FedWatch shows.