Tuesday, April 25, 2006

Interest Rates Up

As of Monday, the futures market was pricing in an 87% chance the Federal Reserve would raise rates in May by another 25 basis points. Also as of Monday, the futures market was pricing in a 45% chance that the Fed. will raise rates by an additional 25 basis points in June, which would bring the fed funds rate to 5.25%. Now that the NAR has released the existing home sales data for March, the futures market thinks that there exists a 56% chance of the fed increasing rates in June by another 25 basis points.

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2 Comments:

Anonymous Anonymous said...

Yup - looks like further interest rate hikes.

Tuesday, April 25, 2006 8:46:00 PM  
Anonymous Anonymous said...

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Wednesday, April 26, 2006 3:11:00 AM  

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