Futures Market Suggests Up To 75% Chance Fed Raises Rates In September

By Joseph AdinolfiMarketWatch Pulse

The futures market is now pricing in up to a 75% probability that the Federal Reserve will vote to raise interest rates at the September meeting of its rate-setting committee, according to Steve Englander, global head of G-10 FX strategy at Citigroup. The market was pricing in around a 55% chance of liftoff in September before the July nonfarm payrolls report, according to Englander.

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