The fed funds futures market currently indicates an 94% probability of a 0.25% hike in fed funds this week on March 21st.
If you are interested in the future of interest rates, you can always check this site to see what is likely to happen in coming months based on investor activity. These are not economic forecasts. They are the result of people risking capital to invest in the future of interest rates. The probabilities stated on this site reflect these investors’ accumulated assessment of the likelihood of future interest rate movements. Find a users guide here.
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