Sep
06
Wall Street’s Favorite Guessing Game: When Will the Fed Make Its Move?
ByWill she or won’t she?
Will Federal Reserve Chair Janet Yellen and her colleagues on the Federal Open Market Committee raise the federal funds rate at their Sept. 16-17 meeting, or not? After Friday’sreasonably strong jobs report, the market’s assessment of a rate hike went up just a little bit, to 34 percent at midmorning from 30 percent yesterday. That’s the probability implied by prices of federal funds futures contracts, according to data compiled by Bloomberg…
Wall Street’s Favorite Guessing Game: When Will the Fed Make Its Move?
