Courtesy of Mish.
CME Fedwatch places a 99.6% possibility of a quarter point rate hike on June 14.
There is an additional possibility of 0.4% the Fed hikes by half a point.
Then what?
November Odds
December Odds
December is interesting because the odds of no additional hike this year topped 50% mid-day Friday. The odds settled at 45.5%. The market now expects a December hike.
The Fed managed to get in two hikes so far this year. I expected at most one. The third hike is now supposedly odds on.