Futures market reflecting higher likelihood that Fed is finished with rate hikes


Fed funds futures traders continued to boost their expectations for no further rate hikes by the Federal Reserve this year, after Wednesday’s data on private-sector payrolls and revised second-quarter GDP. The chance of no action by the Fed in September was seen at 90.5%, up from 86% a day ago, according to the CME Fed Watch Tool. Traders see a 57% and 55.5% likelihood of no action respectively in November or December, which would leave the fed funds rate at between 5.25%-5.5%.

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

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