Uncertainty Looms Over Federal Reserve's Rate Hike Decision
TL;DR Summary
The Fed funds futures market is now pricing in a 75% chance of a rate hike on May 3, but no hike is priced in for the June 14 meeting. The year-end level is expected to drop to 4.336%, which would be a swift drop from 5.00-5.25% after next week's meeting. The banking crisis resurfaced with First Republic's need for outside help, which could lead to worse credit availability and a new round of bank stress.
Topics:business#banking-crisis#credit-availability#fed-funds-futures-market#federal-reserve#finance#interest-rates
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