Fed funds futures and Eurodollar futures continue to price in only a marginal (about 4%) chance of a rate hike at next week’s FOMC meeting. Both contracts, however, see about a 100% chance of a tightening at the early May meeting.
Ask yourself: Is this a device to predict the future, or is it a future discounting mechanism?
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.