Odds of a Fed rate hike in March-May 2018 got better
CME FedWatch Tool now indicates over 10% increase in probability for March or May 2018 rate hike compared to odds captured day after the last FOMC meeting.
This screenshot was taken off CME FedWatch Tool today.
Compared to odds recorded on 14 December 2017 – day after the last FOMC meeting – probabilities captured today show odds for a March-May rate hike improve over 10%.
At some point in the near future, expect Dollar action to align in the same direction with MSM coming in with an appropriate cover story.