September Fed Funds Futures

Just to show you how much things have changed, here’s a chart of the September 2015 Fed funds futures contract (click on the chart for a larger version)

cbotcis01202015

Not that long ago, the market thought the Fed would have interest rates at 0.5% (99.50 on the chart) by this September. Now they think the Fed will be at 0.25% by September.

Posted by on January 20th, 2015 at 5:55 pm


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