Fed Could Entertain Full Point Rate Hike in the Wake of Inflation Scorcher
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
Would the US Federal Reserve actually raise interest rates this month by a full point (or one hundred basis points, depending on which sounds more dramatic)? Markets are very suddenly saying yes.
On Wednesday, the Fed Funds Futures probability priced in a 77% chance of a full point rate hike, according to the CME Group's FedWatch Tool. That would amount to the largest increase since the Fed began using overnight interest rates in the 1990s.
Source Fool.com
