There is a 52% chance that the Fed will raise the policy interest rate to 5.5%-5.75% before November

Odaily Planet Daily News The market is betting on the Federal Reserve to raise interest rates in November and December. The swap contract for the November Federal Reserve meeting date is around 5.46%, which is 13 basis points higher than the effective federal funds rate of 5.33%. This repricing suggests there is about a 52% chance that the Fed will raise its policy rate to a range of 5.5% to 5.75% by November. Overnight index swaps for the December Fed meeting suggest the Fed will tighten by 16 basis points, indicating a 64% chance of a rate hike at the final meeting of the year. (Golden Ten)