Investors See Small Chance of October Rate-Hike Ahead of CPI Release
Dow Jones10-14 19:47
This morning's September inflation is expected to show price-pressures remain well above the Fed's 2% target. But investors are still betting there's little chance the central bank will raise rates this month.
Derivatives markets show investors assign a 22% probability to a rate increase at the Fed's Oct. 27-28 meeting. Those odds have fallen sharply in recent weeks, as numerous Fed officials have signaled they're comfortable waiting to lift rates again.
Investors have coalesced around a December rate-increase as the Fed's next move.
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