Fundamental: Fed Swaps Once Again Show Hike More Likely Than Not for May

Pricing of swaps linked to scheduled Federal Reserve meetings now suggest that a quarter-point hike is more likely than not at the central bank's next meeting in May. The rate on the contract tied to that gathering rose to around 4.96% on Monday, around 13 basis points above the current effective rate on fed funds, the benchmark targeted by the central ...     Alert Mar 28, 2023, 1:14am Fundamental: Fed Swaps Once Again Show Hike More Likely Than Not for May Pricing of swaps linked to scheduled Federal Reserve meetings now suggest that a quarter-point hike is more likely than not at the central bank's next meeting in May. The rate on the contract tied to that gathering rose to around 4.96% on Monday, around 13 basis points above the current effective rate on fed funds, the benchmark targeted by the central ... 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