Traders of money-market securities are
slashing their expectations for the extent of Federal Reserve
interest rate increases for the end of this year.
Interest-rate derivatives predict the Fed’s policy rate will rise to about 0.41 percent by the end December, about a third of the 1.125 percent rate central bank officials predicted in December, according to the median of their quarterly forecasts. Fed fund future contracts see a greater than 50 percent chance of the first central bank rate increase won’t happen until the final quarter of 2015. At the end of last year, wagers were focused on a September start, according to Bloomberg calculations.
Read more Click Here / www.trade4x.net
Interest-rate derivatives predict the Fed’s policy rate will rise to about 0.41 percent by the end December, about a third of the 1.125 percent rate central bank officials predicted in December, according to the median of their quarterly forecasts. Fed fund future contracts see a greater than 50 percent chance of the first central bank rate increase won’t happen until the final quarter of 2015. At the end of last year, wagers were focused on a September start, according to Bloomberg calculations.
Read more Click Here / www.trade4x.net
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