Reuters logo
REFILE-Traders keep bets on July 2015 for first Fed rate hike
April 30, 2014 / 6:11 PM / 3 years ago

REFILE-Traders keep bets on July 2015 for first Fed rate hike

(Adds dropped word “percent” in 2nd paragraph)

April 30 (Reuters) - U.S. short-term interest-rate futures contracts were little changed on Wednesday after the Federal Reserve said it will continue to wind down its bond-buying program, with traders keeping in place their bets the Fed will wait until July 2015 before raising rates.

The contracts show markets are assigning a roughly 69 percent chance of a first Fed rate hike in July 2015, based on CME FedWatch, which tracks rate hike expectations using its Fed funds futures contracts.

The Fed has targeted short-term rates of between zero and 0.25 percent since December 2008, and has promised to keep them there for a “considerable time” after it ends its bond-buying program. (Reporting by Ann Saphir; Editing by Chizu Nomiyama and Chris Reese)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below