FXStreet – The CME Group FedWatch Tool, it calculates probabilities of a rate hike by the Federal open market Committee, the U.S. Central Bank (FED), estimates the probability of a rate hike at the Meeting on 14. June to 95.8 percent.
A month ago, the probability of an interest rate increase was 67.6 per cent. After the economic data in the United States, marked improvement in the course of the month, has increased the expectation of a moderate. Today, two key factors were responsible for the fact that the interest rate jumped to increase expectations: the ADP data, and Jerome Powell’s hawk-like comments.
** FXStreet News Editorial, FXStreet**