Markets Are Ever So Slightly Talking Rate Hikes

Markets Are Ever So Slightly Talking Rate Hikes By Josh Schafer After a hotter-than-expected reading on U.S. producer prices on Wednesday morning, investors inched up the odds of a rate hike at the conclusion of the Federal Reserve's March meeting—though from an extremely low base. To be clear, the shift was rather minor. But as of 9:30 a.m. markets were pricing in a 1% chance of a hike, up from a 0.1% chance seen yesterday, per the CME FedWatch Tool. Consensus still projects the Fed will hold rates steady, ...