Fed June rate hike odds drop to 73.8% on weak US data

Omkar Godbole FXStreet Contributor

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.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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