Markets anticipate rate hike ‘skip’ at FOMC meeting
June 13, 2023

Markets anticipate rate hike ‘skip’ at FOMC meeting

By

[ad_1]

Quick Take

  • The U.S. Consumer Price Index (CPI) report is due at 08:30 ET today and will influence the outcome of the FOMC meeting tomorrow.
  • April’s year-over-year CPI came in at 4.9%. May’s is forecasted to come in at 4.0%.
  • May’s year-over-year core CPI is forecasted to come in at 5.3%. This metric refers to CPI less volatile components, including food and fuel.
  • Currently, markets are 79% in favor of a rate hike “skip” following tomorrow’s FOMC meeting.
  • The current U.S. Fed Funds Rate is 5.00-5.25.
Fed Funds: (Source: CME)
Fed Funds: (Source: CME)

The post Markets anticipate rate hike ‘skip’ at FOMC meeting appeared first on CryptoSlate.

[ad_2]

Source link

Prev Post

Metaverse Beauty Week Aims to…

Next Post

Argentina’s Bitcoin Community Created The…

post-bars

Leave a Comment