Traders Are Fully Convinced the Fed Will Hike Again Next Week

After July, more interest rate increases look unlikely, since inflation has broadly been decelerating.

By James Hirai & By Liz Capo McCormick | July 19, 2023 at 10:32 AM

Traders now have no doubt: The Federal Reserve will start raising interest rates once again next week. The implied interest rate on the swap contract linked to the Fed's July 26 rate decision rose to 5.33 percent—a quarter point higher than the 5.08 percent effective level of the policy rate most days since May 4.

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Traders Are Fully Convinced the Fed Will Hike Again Next Week

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1 Another Pension Plan Risk-Transfer Lawsuit: Lumber Firm Sued over Its $1.5 Billion Transfer to Athene Annuity

2 Fed’s Focus Has Returned Firmly to Inflation

3 Fed Lowers Interest Rates by a Quarter Point

4 Fabricating a Treasury Function from Scratch to Support an $18 Billion Business

5 U.S.–Euro Rates Gap Is Set to Widen Again

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