off-the-wire

Traders now see Fed raising rates by September

Kitco Media
By Reuters
Published:
Updated:
Reuters
Traders now see Fed raising rates by September teaser image

June 17 (Reuters) - Short-term U.S. interest-rate futures are ​now pricing in ‌a bigger chance that the Federal Reserve ​will deliver ​a rate hike by ⁠September than opt ​to keep rates ​where they are.

The shift in market-based rate-path expectations ​comes after ​the Fed said it would ‌leave ⁠the policy rate in its current 3.50%-3.75% range at ​this ​time, ⁠but a near-majority of policymakers ​penciled a ​rate ⁠hike by the end of 2026 ⁠to ​combat higher ​inflation.

Reporting by Ann Saphir; ​Editing by Nia Williams

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