CME Group FedWatch Dec hike probability stays steady at 82.7%
The CME Group FedWatch's December 25 bps rate hike probability stayed unchanged at 82.7% after the FOMC published the minutes of its November meeting minutes.
"Almost all participants expressed the view that another increase in the target range for the federal funds rate was likely to be warranted fairly soon," the FOMC said in its publication and added:
"Members continued to expect that further gradual increases in the target range for the federal funds rate would be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective over the medium term."
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
