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Fed rate hike bets dropped ahead of Yellen speech

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Rate hike bets as represented by CME data dropped ahead of Federal Reserve President Yellen’s speech later today. Markets expect Yellen to sound cautiously hawkish, but overall back her colleagues who have been all over the wires since last week with their hawkish comments.

    Rate hike bets drop

    Fed funds futures imply traders see 59 pct chance of FED hiking rates in September, down from 63 pct Monday.

    Fed funds futures imply traders see 49 pct chance of FED hiking rates in July, down from 51 pct Monday.
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