Implied Rate Hike Date Moves To October Of 2014
Sober Look | Jul 07, 2013 04:39AM ET
The Fed Funds futures curve steepened again on Friday, bringing forward the implied date of the first rate hike by the Fed.
The date is now closer to October of 2014 as opposed to May of 2015 discussed about a month ago - an immense steepening in such a short time. That means the market now expects the current securities purchase program to end before the start of the fourth quarter of 2014.
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