Wednesday, February 15, 2012
Markets Don?t Believe Fed?s 2014 Rate Timetable
Traders of CME-listed federal-funds futures remained relatively confident the Fed will start raising its short-term funds rate in the first half of 2014. That would be a quicker time frame from the Fed's latest policy statement--that the funds rate would remain "exceptionally" low at least through late 2014.
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