Fed Funds Rate - Target Probabilities at the Fed's FOMC Meeting
Traders are betting on a Fed rate hike today, with markets pricing in a 92.5% chance of a 25 bps move. But when oil drives inflation, rate hikes barely move the dial.
Image: CME Group
Traders are betting on a Fed rate hike today, with markets pricing in a 92.5% chance of a 25 bps move. But when oil drives inflation, rate hikes barely move the dial.
Image: CME Group