Fed June rate hike odds drop to 73.8% on weak US data
|A weaker US retail sales and inflation data released on Friday saw investors trim their expectations of a 25 basis point Fed rate hike in June.
The odds of an interest rate hike in June fell from 83.1% to 73.8%.
The probability is well above 60% mark the Fed wants to see before moving rates. Only a drop below 60% would put Fed’s plans in jeopardy.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.