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Oluwadamilare01
Oluwadamilare01
At the same October meeting, five sources gave five different numbers. ▪️ October unchanged: CME 71.8%, the other four sources cluster between 81.7% and 85% ▪️ Converted to rate hikes: CME 28.2%, interest rate swap market only gives 17% ▪️ The difference between highest and lowest is 13.2 points, all referring to the same October 28 meeting ▪️ It is neither a survey nor a forecast, but derived from 30-day federal funds futures prices

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