The current pricing of the overnight index swap shows that the September Federal Reserve meeting only expected an interest rate hike of about 8 basis points, and the annual rate hike was expected to be about 20 basis points, compared to 23 basis points previously.

The current pricing of the overnight index swap shows that the September Federal Reserve meeting only expected an interest rate hike of about 8 basis points, and the annual rate hike was expected to be about 20 basis points, compared to 23 basis points previously.