You are here: Home » Reuters » News
Business Standard

Traders see fourth Fed interest rate hike this year


By Ann Saphir(Reuters) - Traders of U.S. short-term interest-rate futures increased bets the Federal Reserve will raise rates again this year and next after the central bank on Wednesday increased its benchmark lending rate and dropped its longstanding pledge to stimulate the economy "for some time." Traders correctly foresaw the June rate hike, the central bank's second this year, and had been quite confident of a rate hike in September. But on Wednesday they began pricing in a better than even chance of a December rate hike, up from a 37 percent chance seen before the Fed released its ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, June 14 2018. 01:12 IST