October Fed Rate Hike Odds Jump To Nearly 70% As Fed’s Barr Says More Tightening Is ‘Likely’
According to data from the CME FedWatch tool, the probability of the central bank hiking benchmark interest rates by another 25 basis points has reached nearly 70%, up from 8.8% a month ago. Fed Governor Michael Barr noted that the U.S. economy has experienced “a series of shocks over the past year and a half,” … Read more