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Probability of Four or More 2018 Fed Hikes Hits New High: Chart

Probability of Four or More 2018 Fed Hikes Hits New High: Chart

Probability of Four or More 2018 Fed Hikes Hits New High: Chart
A U.S. flag flies on top of the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)  
Probability of Four or More 2018 Fed Hikes Hits New High: Chart

(Bloomberg) -- Investors’ biggest question for Federal Reserve officials Wednesday will probably be answered before new Fed Chairman Jerome Powell even takes the stage for his first press conference at 2:30 p.m. in Washington. A half hour before that, the central bank will publish its new interest-rate projections, and the market is signaling there’s a chance that the median estimate for the number of rate increases this year may move up to four, from three: The chances of four or more hikes are now about one in three, a new high, according to fed funds futures.

To contact the reporter on this story: Matthew Boesler in New York at mboesler1@bloomberg.net.

To contact the editors responsible for this story: Brendan Murray at brmurray@bloomberg.net, Sophie Caronello at scaronello@bloomberg.net, Nancy Moran

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