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Bond Traders Raise Bets for Fed Rate Hike, Adding to BTC Pressure

The CME FedWatch Tool shows traders see a 94% chance of a 75 basis-point hike to be announced Wednesday.

By Helene Braun
Updated May 11, 2023, 3:43 p.m. Published Jun 14, 2022, 4:25 p.m.
Chart shows that traders see a 94% chance of a 75 basis point rate hike this month. (CME FedWatch Tool)
Chart shows that traders see a 94% chance of a 75 basis point rate hike this month. (CME FedWatch Tool)