November 29, 2016 / 1:51 PM / a year ago

U.S. rate futures trim gains after GDP data

NEW YORK (Reuters) - U.S. interest rate futures pared earlier gains on Tuesday as the government’s revision on third-quarter economic growth was stronger than forecast, supporting the view the Federal Reserve would raise interest rates in December and beyond.

Federal funds futures implied traders saw a 98 percent chance the U.S. central bank would raise short-term interest rates by a quarter point to 0.50-0.75 percent at its Dec. 13-14 meeting, compared with a 94 percent chance late on Monday, according to CME Group’s FedWatch program. FFZ6

Reporting by Richard Leong

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