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Traders Raise Chances Of Quarter-of-a-percentage-point Fed Rate Hikes In February And March After December Jobs Report -- MarketWatch

MarketWatch · 01/06/2023 09:30
For more from MarketWatch: http://www.marketwatch.com/newsviewer

Fed funds futures traders see a better-than-not likelihood that the Federal Reserve will lift rates by a smaller-than-usual 25 basis points each at its next two meetings, after December's jobs report pointed to slowing wage growth and easing inflation pressures. The chance of a quarter-percentage-point hike next month rose to as much as 70% on Friday, from 63% a day ago, according to the CME FedWatch Tool. The likelihood of a similar move in March was seen at 62% at one point, up from 59% on Thursday. Both moves would bring the main policy rate to between 4.75% and 5%. Treasury yields were little changed to lower after the jobs report.

-Vivien Lou Chen

(END) Dow Jones Newswires

January 06, 2023 09:30 ET (14:30 GMT)

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