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The actual best way to bet on the event is to use fed fund futures http://www.cmegroup.com/trading/interest-rates/stir/30-day-federal-fund.html http://www.cmegr
by use_fed_funds 11y ago
The actual best way to bet on the event is to use fed fund futures http://www.cmegroup.com/trading/interest-rates/stir/30-day-federal-fund.html http://www.cmegroup.com/trading/interest-rates/stir/30-day-f... which are a futures contract whose value is determined by the fed funds rate (the rate people refer to when they talk about raising interest rates)
- nohuck13 11y agoTheir interesting feature is that you can imply the probability of a rate hike in December/January/March/... from the yield curve. It's 66% for December: http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html http://www.cmegroup.com/trading/interest-rates/countdown-to-...