Odds Of Fed Rate Hike In December Marked Up After Policy Statement

By MarketsMarketWatch Pulse

Traders who bet on rate hikes using fed funds futures contracts marked up the odds of a rate hike in December after the Fed's policy statement was released. Traders now see a 46.3% chance of a rate hike in December, up from 41% before the policy statement was released, said John Canally, chief economic strategist at LPL Financial. Odds had briefly topped 50% before sliding back. Markets don't fully price in a rate hike until March of 2017.

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