The odds that fed funds futures will face a 1 percent interest hike, according to the CME Fed Watch Tool, surged to nearly 80 percent on July 14, a massive jump over earlier expectations.
Odds Rise for Massive Fed Rate Hike as June Inflation Jumps Over 9 Percent
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The Federal Reserve building in Washington on Aug. 22, 2018. Chris Wattie/Reuters
By Bryan Jung
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Bryan Jung
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Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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