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Higher U.S. CPI, FOMC Minutes Lead to Greater Chance of Rate Hike
By admin | July 16, 2008
Fed fund futures showed a slightly heightened jeopardize of a rate hike in 2008 by the Federal in store, following a higher-than- expected CPI wording object of June on Wednesday.
Markets were subsequently forecasting a 44% fortune that the Federal Open Market Committee (FOMC) would monopolize rates at 2.00% at the Dec. 16 intersection. On Tuesday, markets had priced in a 49.8% chance that verbatim at the same time scenario would unfold. Conversely...
Topics: Mortgage News |
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