“82% Odds of May Rate Hike: Waller’s Comments Send 2-Year Treasury Soaring to 4.08%”
Traders are now predicting an 82.3% likelihood of a 25-basis-point rate hike by the Federal Reserve in May, following comments from Governor Christopher Waller suggesting a need for continued increases in borrowing costs. If implemented, the rate hike would bring the fed funds rate target to a range of 5% to 5.25%. In tandem, market […]