Markets are assigning higher odds to a Federal Reserve rate increase this month, according to a brief update cited by Odaily. The report said market expectations for a July hike have risen to 50%, showing a firmer view on near-term U.S. monetary policy. Short-term U.S. interest rate futures pointed to roughly a 45% probability of a Fed hike in July, up from 35% earlier on Monday. The move suggests traders have raised their expectations over the course of the day, based on futures pricing referenced by Jin10. No additional policy guidance or comments from Federal Reserve officials were included in the report.
Markets now expect a higher chance of a Federal Reserve rate hike this month, according to an Odaily update citing Jin10.
The report said the probability of a July Fed hike has risen to 50%.
Short-term U.S. interest rate futures showed the odds of a July increase at about 45%, up from 35% earlier on Monday.
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