Jul 16
Fed fund futures showed a slightly heightened risk of a rate
hike in 2008 by the Federal Reserve, following a higher-than-
expected CPI print for June on Wednesday.
Markets were subsequently forecasting a 44% chance that the Federal
Open Market Committee (FOMC) would hold rates at 2.00% at the Dec. 16
meeting. On Tuesday, markets had priced in a 49.8% chance that same
scenario would unfold. Conversely…