Odds of September Rate Hike Fall to 12% on Poor Econ Data

by FS Staff
Financial Sense

Many have speculated that the Federal Reserve may announce a 25 basis point rate hike when they meet next week. However, whether you think the Fed should or should not raise, with forward-looking economic data near recessionary levels, market expectations for a rate hike have fallen steeply.

According to the CME Group’s FedWatch Tool, the current probability of a 25 basis point rate hike on September 21st is now only 12%.

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