off-the-wire

Traders keep bets on Fed rate hike by October

Kitco Media
By Reuters
Published:
Updated:
Reuters
Traders keep bets on Fed rate hike by October teaser image

June 10 (Reuters) - Traders of short-term U.S. interest rates ​edged away from ‌bets that the Federal Reserve rate will ​deliver a rate ​hike as soon as ⁠September, but continued ​to show strong ​conviction of a rate hike by October, after a ​government report ​showed consumer inflation rose 4.2% ‌last ⁠month as economists had expected.

Pricing now reflects about a 45% ​chance ​of ⁠a September rate hike, versus ​just under 50% ​before ⁠the report. Traders see about a ⁠60% ​chance of ​a hike by the October ​meeting.

Reporting by Ann Saphir

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