The current range for the benchmark rate stands between 3% and 3.25%.Īlso Read: US stock market investors to focus on these key events in Octoberįed Bank of New York President John Williams said rates need to rise to around 4.5% over time, but the pace and ultimate peak of the tightening campaign will hinge on how the economy performs. Market-implied expectations for where the rate will peak also increased, with the derivative contract for the March gathering trading around 4.66%. The swap contract for the November Fed meeting priced in nearly 75 basis points of tightening. ![]() ![]() Ten-year yields approached 3.9% amid their 10th consecutive weekly rise. Dollar gaining strength against Indian Rupee means bad news for your personal financesĪlso Read – US Stock Market: Is inflation coming down?
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