It is no secret that the Federal Reserve commences its two-day meeting Wednesday with one of the most widely anticipated interest rate announcements in recent memory slated for Thursday.
When it comes to how traders are viewing what that decision will be, Fed funds futures recently indicated that fewer than a third of fixed income traders are wagering the Fed will boost borrowing costs. However, there also is not a dearth of market observers that believe it is foregone conclusion the U.S. central bank will pass on raising rates.
“But not all are convinced the Fed won’t move rates. JPMorgan Chase Chief U.S. Economist, Michael Feroli thinks the odds of the Fed making the move may be slightly higher. In fact, he thinks the Fed should hike rates, but communicate that it’s the pace, not the timing of the hike that matters. UBS’s Chief Economist, Drew Matus wrote that ...
/www.benzinga.com/news/15/09/5841953/how-to-make-a-conservative-bet-on-the-fed-raising-rates alt=How To Make A Conservative Bet On The Fed Raising Rates>Full story available on Benzinga.com
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