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Heurist Finance

FOMC poised to hike rates as swaps price 90% odds

Bloomberg ·
FOMC poised to hike rates as swaps price 90% odds
  • Interest-rate swaps show traders pricing more than a 90% chance of a quarter-point Fed hike on Wednesday, equating to roughly 23 basis points of tightening.
  • Fed Chairman Kevin Warsh and colleagues are expected to lift the benchmark policy rate from the current 3.5%-3.75% range.
  • Kitty Richards, Senior Fellow at the Groundwork Collaborative, says it will be difficult for the Fed to not raise rates.

Quotes

“it will be difficult for the Fed to not raise rates”— Kitty Richards

Sources