Markets Expect June Interest Rate Increase; Expecting Fed to Raise in August as Well

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00013787-markets-expect-june-interest-rate-increas/

On the fed funds futures market, traders are fully expecting the Fed to raise interest rates later this month. In fact, MarketWatch is reporting that the market pegs the probability at 100%. But the market is also increasing the likelihood of an August rate rise. Right now, the probability of another increase in August is around 75%.

For this complete story, please visit Markets Expect June Interest Rate Increase.