Home » today » Business » US Interest Rate Futures Market Price Decreases for July FOMC Rate Hike Probability

US Interest Rate Futures Market Price Decreases for July FOMC Rate Hike Probability

On the 30th, the US interest rate futures market priced in the rate hike probability at the Federal Open Market Committee (FOMC) in July slightly decreased from about 90% to about 85%. Pictured is the US Federal Reserve Board (FRB). FILE PHOTO: March 2019. (Reuters/Leah Millis)

[30日 ロイター] – In response to the May US Personal Consumption Expenditures (PCE) price index announced on the 30th, growth slowed both from the same month of the previous year and from the previous month. The rate hike probability at the FOMC has slightly decreased from about 90% to about 85%.

The PCE price index rose 3.8% year-on-year, slowing from 4.3% in the previous month. On a month-on-month basis, it rose by 0.1%, slowing down from 0.4%. The core PCE price index, which excludes volatile food and energy, rose 4.6% year-on-year, down from 4.7% the previous month. On a month-on-month basis, it rose 0.3%, slowing down from 0.4%.

2023-06-30 14:54:00
#U.S #interest #rate #futures #drop #chance #rate #hike #July #PCE #price #index #growth #slows

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.