Despite Falling Oil Prices, There's Now a 73% Chance of an Interest Rate Hike by September -- Here Are the 2 Culprits to Blame

CME Group’s FedWatch Tool shows the probability of a Fed rate hike by the Sept. 16 meeting rising from 26% to 73% over the past month. The repricing toward higher rates is a hawkish signal that can pressure risk assets and bond valuations near-term.

Analysis

CME Group’s FedWatch Tool shows the probability of a Fed rate hike by the Sept. 16 meeting rising from 26% to 73% over the past month. The repricing toward higher rates is a hawkish signal that can pressure risk assets and bond valuations near-term.