December FOMC Suggests Money Markets Likely to Raise Rates by Half a Point – Bloomberg

In the short-term money market, overnight index swaps (OIS) fell in light of the US Federal Open Market Committee (FOMC) meeting schedule. A rate hike of 50 basis points (bp = 0.01%) is the most likely scenario at the December meeting.

A rate hike of around 58 basis points is priced in at the FOMC meeting on December 14. The OIS fell to 4.40% from about 4.44% after the FOMC statement was released on the 2nd. It reacted to the FOMC’s decision to consider a “cumulative tightening” of monetary policy.

What’s Priced In Now

Swaps market price 50bp Fed hike most likely for December meeting

Bloomberg, CME

原題：Traders Now Price a 50bp December Hike as Most Likely Fed Move

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