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09:05
10/13/16
10/13
09:05
10/13/16
09:05

Fed funds futures are little changed to modestly higher

Fed funds futures are little changed to modestly higher, with deferred months outperforming slightly. There hasn't been much reaction to the morning's data, nor yesterday's FOMC minutes. Implied rates are suggesting about a 65% chance for a hike in December. Risk for a tightening at the November 1, 2 FOMC is small given the meeting precedes the presidential election by 6 days, and it's unlikely the Fed would want to do anything to impact the markets at that time. The Fed minutes left a year-end tightening on the table. Analysts didn't interpret the acknowledgement that "several" members wanted , espe

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