mishtalk.com / Mike “Mish” Shedlock / February 28, 2017
Rate hike odds surged as high as 80% following comments today from two Fed presidents. The odds are 62% as I am typing now. Let’s investigate the spike.
The Financial Times reports Market Odds of March Rise in US Interest Rates Hit 80%.
The market odds of a March increase in US interest rates shot up to 80 percent on Tuesday as Federal Reserve policymakers insisted they did not need to see Republican tax reforms and other policies before they act.
William Dudley, influential head of the New York Federal Reserve, said that the prospects for adding to the December 2016 rate increase had become “a lot more compelling”.
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