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Investors in contracts tied to the federal funds rate consider it a near certainty the U.S. central bank will leave the benchmark federal funds rate at the current range of between 5.25% and 5.5%, a step consistent with the Fed's shift to a slower and more considered pace of rate increases.
Yields are slightly higher as investors absorb recent stronger-than-expected economic data and eye the Federal Reserve's decision in two days.
A Federal Reserve meeting awaits investors as debate over whether the Fed is done hiking interest rates heats up.
The Fed prepares to meet this coming week to contemplate its next monetary policy move. Its fight against inflation doesn’t appear likely to be over by year...
Discover the latest insights from the August CPI report, as headline inflation surges and core inflation hits a two-year low, leaving investors in suspense about the Fed's next move.