Fundamental: Fed Swaps Assign Near-Even Odds to Fed Rate Hike in June

The market for wagers on the Federal Reserve's policy rate priced in near-even odds of a quarter-point rate increase in June, assuming moves of that size in March and May. The rate on the June overnight index swap contract rose to 5.21%, about 63 basis points above the current effective fed funds rate. The market also priced in a higher eventual peak for ...     Alert Feb 15, 2023, 12:50am Fundamental: Fed Swaps Assign Near-Even Odds to Fed Rate Hike in June The market for wagers on the Federal Reserve's policy rate priced in near-even odds of a quarter-point rate increase in June, assuming moves of that size in March and May. The rate on the June overnight index swap contract rose to 5.21%, about 63 basis points above the current effective fed funds rate. The market also priced in a higher eventual peak for ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support