Fed December rate hike probability now at 68%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The probability of a 25 basis point rate in December now stands at 67.8%, the latest data from the CME Fed watch shows.

    Post the October NFP release the December rate hike probability was at 70%, while the same had dropped to 63% earlier today in the US session. The January probability and the March probability now stand at 72% and 84%; largely unchanged from where it was ahead of the minutes release.

    Meanwhile, the 2-yr Treasury yield; currently at 0.876%; which also represents short-term interest rate expectations remains largely unaffected by the Fed minutes. The yield had spiked to a 5-year high of 0.958% after the October non-farm payrolls number was reported way above expectations on Nov.6.
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