London Interbank Offered Rate (LIBOR) or
the cost of one-month US dollar loans between banks has risen to its
highest level in more than eight years, reflecting an increasing
conviction among traders that the Federal Reserve will raise interest
rates by 25 basis points at its policy meeting in June.
The LIBOR rose to 1.03% on Tuesday; the highest in 8 years.
The CME model puts the probability of the June rate hike at 83.1%, while the Bloomberg puts the odds at 95%.
Source:
https://www.fxstreet.com/news/one-month-libor-rises-to-8-year-high-on-expectations-for-june-fed-move-201705240013
The LIBOR rose to 1.03% on Tuesday; the highest in 8 years.
The CME model puts the probability of the June rate hike at 83.1%, while the Bloomberg puts the odds at 95%.
Source:
https://www.fxstreet.com/news/one-month-libor-rises-to-8-year-high-on-expectations-for-june-fed-move-201705240013
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