December Fed Hike Odds Sit at 66.7%

December Fed Hike Odds Sit at 66.7%Neal Bhai Reports — December Fed Hike Odds Sit at 66.7% — There are two FOMC meetings be fore the turn of the calendar. The first is on Nov 2 and the market is pricing just a 19.3% chance of a hike then, despite some hawkish comments in the FOMC Minutes. The reasons that a hike is so unlikely are that it’s a meeting that doesn’t include a press conference and that it’s just six days before the poll. December is where it gets interesting. All signs in the Minutes suggested a majority of voters plan to move before year-end so long as there isn’t market turmoil in the economy. The odds of a hike, according to Fed fund futures, are 66.7%. That edges higher to 69.4% in Feb and 76.7% in Mar. It steadily rises through 2017 but at no point is a hike fully priced in. If anything, that underscores scepticism in markets.— Gold Silver Reports

December Fed Hike Odds Sit at 66.7%

There are two FOMC meetings be fore the turn of the calendar. The first is on Nov 2 and the market is pricing just a 19.3% chance of a hike then, despite some hawkish comments in the FOMC Minutes. The reasons that a hike is so unlikely are that it’s a meeting that doesn’t include a press conference and that it’s just six days before the poll. December is where it gets interesting. All signs in the Minutes suggested a majority of voters plan to move before year-end so long as there isn’t market turmoil in the economy. The odds of a hike, according to Fed fund futures, are 66.7%. That edges higher to 69.4% in Feb and 76.7% in Mar. It steadily rises through 2017 but at no point is a hike fully priced in. If anything, that underscores scepticism in markets

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