It's (almost) official: The Fed is raising rates next week
- Safi Bello
- Mar 8, 2017
- 1 min read
CNBC ----- If there were any doubts about whether the Federal Reserve would be hiking interest rates this month, Wednesday's blockbuster jobs report almost completely removed them. A report showing that private companies added 298,000 jobs in February pushed market-implied probability of a Fed move to 92 percent, according to the CME's FedWatch tracker that measures the futures market. Traders had assigned an 82 percent chance of a move Tuesday but pushed it higher after the report from ADP and Moody's Analytics. The market has been expecting the Fed to move as the central bank's targets for employment and inflation come within closer reach. Most economists believe the economy is near full employment, while inflation data either have been ahead of or just shy of the Fed's 2 percent target. To learn more click on the picture below to read the article.







































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