MONEY MARKETS-Traders fully price in U.S. rate hike next week

By Kitco News / June 08, 2017 / www.kitco.com / Article Link

NEW YORK, June 8 (Reuters) - U.S. interest rates futures were mostly weaker on Thursday, suggesting traders had fully priced in a possible quarter-point rate increase at the Federal Reserve's policy meeting next Tuesday and Wednesday.

At 1:22 p.m. (1722 GMT), federal funds futures implied traders priced in a 100 percent probability the Fed policymakers would raise key short-term borrowing costs to 1.00-1.25 percent next week, up from a 96 percent chance late on Wednesday, CME Group's FedWatch tool showed.


(Reporting by Richard Leong; Editing by Meredith Mazzilli)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities,securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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