This happened so fast, I’m still not sure if I’m missing anything.
If you check out the CME Fed watch tool, in just couple hours the probability of 75 bps hikes for the next two meeting have skyrocketed.
It’s now at 93% we will see a 75 bps hikes this wednesday and another 75 in July is at 78%.
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
What changed in these last couple of hours?
