Fed: Odds of a 25bp rate hike this week are 92% - SocGen

Kit Juckes, Research Analyst at Societe Generale, notes that the Bloomberg puts the odds of a 25bp Fed rate hike this week at 92% and the odds of a 50bp hike at 8%.

Key Quotes

“It’s fair to say that a hike is fully priced-in and if the old ‘buy the rumour, sell the fact’ adage has any value, maybe we’re supposed to look for some correction in the dollar rally and the bond sell-off after the event.”