Fed Fund Futures Price Higher Odds of September Hike
Fed Fund Futures Price Higher Odds of September Hike
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Fed Fund Futures Price Higher Odds of September Hike
The dollar fell over 2% against the yen Thursday, its steepest one-day drop since late-July intervention, as Japan rate expectations and narrowing yield gaps pressured USD/JPY to 155.48.
U.S. stock futures are mixed Monday, with Dow futures lower and S&P 500 and Nasdaq 100 futures higher, as FedWatch pricing puts a September rate hike at 30.6%.
The Nasdaq 100 officially slipped into correction territory on Tuesday, falling more than 10% from its early June record high as the AI-driven sell-off deepened on mounting concerns over rising competition from China. The memory sector has been at the heart of July’s rout. SanDisk Corp. (NASDAQ: SNDK ) — the S&P 500’s