Traders Ramp Up Bets on Fed Holding Interest Rates Steady
Futures traders now see an 86% chance that the Federal Reserve will maintain interest rates at their current level when it meets later in October, up from 72% before the release of a softer-than-expected report on the U.S. labor market, according to CME Group data.
Futures traders now see an 86% chance that the Fed will keep interest rates unchanged at its meeting later in October, according to CME Group data. S. labor market, traders had assigned a 72% probability to the Fed holding rates steady.