Expectations of Another Fed Rate Hike This Month Are Shifting Dramatically
Suddenly, it appears the Fed may hit pause on rate hikes in October.
Overview
Expectations of a second interest rate hike by the Federal Reserve at its Oct. 27-28 meeting are suddenly plummeting. As recently as Sept. 28, the futures market put the probability of a rate hike this month at 71%. Today, futures traders are pricing in just a 20% probability that the Fed will hike. What gives?
Image source: Getty Images.
So, what happened?
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.