Fed: Odds of a June hike jump from 6% to 32% – SocGen

By FXStreet Kit Juckes, Research Analyst at Societe Generale, notes that the FOMC Minutes talk of rates rising over time if the economy grows as expected, of the possibility of a hike in June if the data warrant it.

Key Quotes

“Fed wants the market to price in the possibility of a June hike, but won’t do anything next month. If New York Fed President Dudley looks pleased with himself when he speaks at a Fedhosted event at 15:30 BST, it’ll be because the market has largely done what the Fed wanted – Treasury yields are up, but the S&P is little changed, as the odds of a June hike jump from 6% to 32% according to Bloomberg, the odds of a hike this year rising to 73%.”
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Source:: FX Street