Rate hikes to start in June 15: fed funds futures - MarketWatch
Traders who bet on the timing of Federal Reserve rate hikes moved up
their forecasts for the first rate hike by one meeting to June 2015
FFM5
-0.03%
after a strong jobs report, according to CME FedWatch, which calculates
based on fed funds futures contracts. The probability of a rate hike
during that month's gathering of the Federal Reserve policy committee
rose to 54% after the report showed 288,000 new jobs created in April, which beat economist forecasts. It had been at 46% in the prior session. Read more on Treasury market reaction.
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