Traders price a more-than-66% chance of a quarter-point Fed hike
CME data cited by WSJ shows traders pricing a more than 66% chance of a quarter-point Fed rate increase later this month. Expectations rose after Kevin Warsh’s hawkish Jackson Hole tone Friday.
By WSJ StaffTraders are pricing in a more than 66% chance that the Fed will raise rates by a quarter point later this month, according to CME data.Expectations that the central bank will raise interest rates jumped after Kevin Warsh struck a hawkish tone at Jackson Hole on Friday.A week ago, the ch…