Markets price an 84% chance of a Fed hike by December, but only 9% this week
The Fed is widely expected to hold on Wednesday. Futures still put the odds of a hike by its December meeting at 84%, and the gap says a lot about how markets read the Fed.
The Federal Reserve meets on October 27 and 28, and the decision lands on Wednesday. Almost nobody expects a move. According to the CME FedWatch tool, as cited in Yardeni Research's week-ahead note, traders put the odds of a rate hike at this meeting at just 9%.
Keep reading for free.
You’ve read about 15% of this story. Join The Finvestex Brief — free — to unlock every story and archive edition in full, and get the next Brief at 8:45 a.m. ET.
Already subscribed? Enter your email above to unlock this browser.General market information for educational purposes — not investment advice. Figures come from the linked sources.