Investors don’t think there is better than a one out of three chance the Fed raises rates before the June FOMC meeting according to the Fed Funds futures implied probability. As recently as the end of last year, the implied probability of another 25 bps increase during the March FOMC meeting was as high as 52%. It has now fallen to about 33%. Similarly, the implied probability of a 25 bps hike during the April FOMC meeting has fallen from 51% at the end of the year to about 35% as of today. Investors also believe there is slightly less than 50% chance that next Fed rate hike will occur during the June FOMC meeting as the implied probability as fallen slightly to 42%.
Modern Day Asset Management
ValueWalk's Raul Panganiban interviews Ross Klein, CFA, and Vince Lorusso. Ross is founder and CIO at Changebridge Capital and Vince is Partner and Portfolio Manager at Changebridge Capital where they manage the CBLS, Changebridge Capital Long/ Short Equity ETF and CBSE, Changebridge Sustainable Equity ETF. The following transcript is computer generated and may contain some Read More