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Traders’ interest-rate expectations for 2023 little changed despite Fed's projections

Posted on AllSides September 20th, 2023
From The Center

Federal-funds futures are still indicating that traders expect the Federal Reserve will keep its benchmark interest rate at the current level this year, even as the Fed’s projections released Wednesday showed one more rate hike may be coming. Traders see a 73.1% probability that the Fed may keep its rate at the current target range of 5.25% to 5.5% at its next policy meeting in November, according to the CME FedWatch Tool, at last check. The Fed announced on Wednesday that it’s holding its rate steady at that level while...

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