Federal Funds Rate News
11/2/2016 1:24:33 PM
Traders at the beginning of the weak located a low possibility the Federal Reserve would increase interest rates at its policy meeting later this week among varied economic data and ahead of the U.S. presidential election, along with interest rates futures.
They lay almost a three in four chance the U.S. central bank would rise the aim range on their policy rates by 1/4 point to 0.50-0.75 percent at the end of the year. 13-14 meeting. While the world's biggest economy is hardly firing on all cylinders, U.S. gross domestic product made a stronger than anticipated 2.9 percent yearly growth rate in the third quarter, analysts said.
Investment is still rather inactive, use up keeps on to raise firmly, and this add up to GDP growth proceeding near 2 percent. In the meantime, news that the FBI is planning to review more emails associated to Democratic presidential candidate Hillary Clinton's private server, just a week before the Nov. 8 election, have lessened earlier expectations of a Clinton victory.
Federal funds futures implied traders saw a 6% chance the Fed would increase rates at its two-day meeting that starts on Tuesday, compared with an 8% chance late on Friday, along with CME Group's Fed Watch program.