• Fed fund futures now show a 31% chance of no move, according to the CME

Market news

19 December 2018

Fed fund futures now show a 31% chance of no move, according to the CME

As U.S. Treasury yields continue to fall in Asia trading, with the 10-year down to a multimonth low of 2.80%, odds have risen that the Fed won't raise rates on Wednesday. Fed fund futures now show a 31% chance of no move, according to the CME. 

That compares with 28% a day earlier and 24% a week earlier. President Trump was back out Tuesday saying the Fed shouldn't raise. But in light of the ongoing market volatility and oil plunging further on Tuesday, may a pause be the safer call? More than a few market participants appear to be betting so. - via WSJ

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.