With a Jerome Powell lead FOMC (Federal Open Market Committee) meeting this week (Announcement Wednesday to be exact) AND an economic projections due this announcement….
Let the Gaming Begin of a rate increase or not?
CME Fed Tracker – 70% Stay 30% Raise .25%
Left Graph is 70% and the markets pricing of a probability of NOT raising…
Right Graph is 30% and the probability of raising .25% or 25 basis points…
By the Way…. Of course the FOMC watches market expectations and know if they raise it will be a slight surprise…. 25 basis points is really nothing at this point, considering the meteoric rise in our rear view mirror….
Have a Great “Fed Fund Watch Week”!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth