A month ago, the Fed was going to raise rates

| 14 July 2008 13:31

A month ago, the market was rampant with crazy speculation, not about if the Fed was going to raise rates, but when and by how much.

“Fed Funds futures now imply a near certainty of two 25 basis point rate increases by November.”
-FT, 10 Jun 2008

What do you think the chances of a rate hike are now?

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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