March Rate Hike Looks Imminent

Hopes of a Fed funds rate hike in March heightened further, after speeches of Governors Jerome Powell and Lael Brainard. CME's 30-day Fed funds futures now price in a 75.3% chance of rate hike in March, up from 66.4% a day ago. The probability is prone to increase further if the February employment report, due next Friday, proves encouraging.

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March Rate Hike Looks Imminent