Odds of the Federal Reserve raising rates have shot up to about 50% at the central bank’s March meeting, according to the futures market. While Kaplan didn’t say whether that meant as soon as the Fed’s meeting on March 15, sentiment is trending in that direction. Wan-Chong Kung, a bond manager at Nuveen, pegs the threshold which the Fed needs the market to reach being an 80% likelihood of a rate increase. If that happens, it may make it more difficult for markets to buy in to faster rate increases. While Trump doesn’t control Fed policy, his address Feb. 28 may offer us the next clue about whether Yellen will feel comfortable moving sooner rather than later.

Source: Forbes February 27, 2017 22:39 UTC