With the CME FedWatch tool currently projecting a probability of nearly 96% for a rate hike at the June 14 meeting, the market is focused on the potential path of additional hikes throughout 2017.
|
Probabilities of Target Ranges for 2017 Fed Meetings |
||||
|
75-100 bps |
100 to 125 bps |
125 to 150 bps |
150 to 175 bps | |
|
6/14 |
4.2% |
95.8% |
0.0% |
|
|
7/26 |
4.0% |
91.2% |
4.8% |
0.0% |
|
9/20 |
3.4% |
77.0% |
18.9% |
0.8% |
|
11/1 |
3.2% |
74.0% |
21.2% |
1.5% |
|
12/13 |
2.2% |
52.1% |
37.6% |
7.6% |
Probabilities as of June 6, 11:00 am CT