Fed Rate Cut Seen as More Likely Than Hike by End of 2016: Chart
Fed's Yellen: Negative Rates Aren't Off the Table
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Global market volatility prompted traders to assign a greater likelihood that the Federal Reserve will cut interest rates this year than raise them. At one point Thursday, the market was pricing in about an 8 percent chance that the Fed will lower rates by the end of 2016, compared with a 4 percent chance it will raise them, according to overnight-indexed swaps data compiled by Bloomberg.