Fed Rate-Hike Odds for This Year Rise to 77% Despite Weak July Job Openings
JH Kim
Summary
- Markets are pricing in a 77% chance that the U.S. Federal Reserve (Fed) will raise its benchmark interest rate before 2027.
- Cointelegraph said the odds of a Fed rate increase this year had risen to 77%.
- Even though July job openings came in below market expectations, signaling a cooling labor market, markets are still pricing in high odds of a rate increase this year.
Forecast Trend Report by Period
Markets are pricing in a 77% chance that the Federal Reserve will raise its benchmark interest rate before 2027.
Cointelegraph reported on September 1 that the odds of a Fed rate increase this year had risen to 77%.
That comes even as U.S. job openings for July fell short of market expectations, signaling a cooling labor market.
A weaker labor market typically reduces the need for further monetary tightening. Even so, markets continue to price in high odds of a rate increase before year-end.
JH Kim
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