Chance of a March interest rate hike almost doubled: CME
CNBC ---- Hawkish statements from several prominent Fed officials as well as increased optimism for economic growth are pointing to a strong possibility for a March interest rate hike. Probability that the Federal Open Market Committee will approve an increase at its March 14-15 meeting zoomed to 69 percent Wednesday morning, about double what it was the day before, according to the CME. Other gauges cited by market watchers point to a greater than 80 percent chance. Just last week, the market was pricing in less than 1 in 5 odds that the FOMC would move. To learn more about the chance of a March interest rate hike click on the picture below to read the article.