The next Federal Open Markets Commitee meeting is next week. As of today, the market is predicting a 78% chance of the first rate pause after 10 consecutive FOMC meetings where the Fed Fund rate was raised.
Traders give a 22% chance of another rate hike of 25 basis points. A week ago, before last week's jobs report, a 25 bp rate hike had a 64% chance for the coming meeting.
What economic data has the ability to further affect the rate decision between now and the June 13-14 meeting?
Wednesday 6/7:
U.S. MBA 30-Year Mortgage Rate
U.S. Consumer Credit
Thursday 6/8:
U.S. Initial Jobless Claims
Wall Street Reporter Dion Rabouin explains how all three affect inflation and the Fed's rate decision.
Current Fed Rate Probabilities for the June 13-14 FOMC Meeting:
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