“Job Report Sparks 70% Surge Probability: Are Traders Ready for May Rate Hike?”
Traders in Federal funds futures are now pricing in a nearly 70% chance of a 25 basis point rate hike by the Federal Reserve at its meeting in May. After the release of the March labor report, the probability of a rate rise increased from 49.2% to 67.4%, according to CME’s FedWatch tool. Analysts say […]