U.S. short-term interest rate futures are now implying roughly a 45% probability that the Federal Reserve will raise rates in July, according to a report cited by Jin10 and carried by ChainCatcher. That marks an increase from 35% seen earlier on Monday. The move points to a shift in market pricing over a short window, with traders assigning higher odds to a July hike than they did earlier in the day. No additional policy details or drivers were provided in the brief report.
According to Jin10, cited by ChainCatcher, U.S. short-term interest rate futures show the probability of a Federal Reserve rate hike in July at about 45%.
That is up from 35% earlier on Monday.
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