UPDATE 1-Eurodollar, Fed funds futures pare back U.S. tightening bets
(Updates prices; adds details, analyst comment) NEW YORK, March 17 (Reuters) - The eurodollar and Fed funds markets, which track short-term interest rate expectations, on Wednesday reduced bets on the time frame of a potential tightening by the U.S. Federal Reserve after it dampened expectations of an early move. Trading has been choppy after the Fed statement and Fed Chairman Jerome Powell’s news briefing, with futures pricing changing frequently, therefore shifting rate hike bets as well. In the more liquid eurodollar futures market, traders have priced in a 90% chance of a Fed hike by Ma...
Source: reuters.com