Fed fund futures showed a slightly heightened risk of a rate hike in 2008 by the Federal Reserve, following a higher-than- expected CPI print for June on Wednesday.
Markets were subsequently forecasting a 44% chance that the Federal Open Market Committee (FOMC) would hold rates at 2.00% at the Dec. 16 meeting. On Tuesday, markets had priced in a 49.8% chance that same scenario would unfold. Conversely...
See also:
- Thursday’s Events: BOC MPC Report, U.S. Jobless Claims, Philly Fed Mfg Report (July 17th, 2008)
- U.S. Jobless Claims Rise to 366K in Week Ending July 12 (July 17th, 2008)
- U.S. Housing Starts and Building Permits Soar in June (July 17th, 2008)
- Fed’s Kroszner Says Fed Rules Will Affect Subprime and Alternative Mortgages (July 17th, 2008)
- Preview: Housing Starts Expected to Drop 15k in June (July 16th, 2008)