Fed funds futures traders price in small chance of a 100 basis point Fed rate hike in three weeks


Fed funds futures traders now see a 4.6% chance of a jumbo-size 100 basis point rate hike at the Federal Reserve’s July 26-27 policy meeting, following a robust June U.S. jobs report released on Friday. That’s up from zero chance over the past month, according to the CME FedWatch Tool. While the June jobs report made a 75 basis point rate hike almost certain for later this month, strategists said the market is also comfortable pricing in a “non-zero” chance of something more.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleBond Report: 2-year Treasury leads jump in yields after robust U.S. jobs data
Next articleFacebook and Twitter ‘working to remove’ videos of Shinzo Abe’s assassination


Please enter your comment!
Please enter your name here