Forex News Fed-funds futures traders seem content for now to fully price in 25 BP rate hike by the Oct. 28-29 FOMC meeting. Nov fed-funds futures contract has held for a while at 97.72, down 6.5 BP, fully factoring in expectations for 2.25% rate, with about 12% chance for further tigthening to 2.5%. At Tuesday's settlement, Nov priced in about 94% chance for 2.25% rate, with no expectations for 2.5%.
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