The futures market expects raises Wednesday and next month, maybe reaching a peak.
Is the Federal Reserve in its rate-hiking end game? That’s the big question about Wednesday’s Fed meeting.
The overwhelming odds, according to the futures market, are for a 0.75 percentage point increase in the November meeting, followed by a 0.50- to 0.75-point boost in December. That would bring the benchmark fed funds rate to a maximum band of 4.50% to 4.75%, from 3.0% to 3.25% now.
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