The December FOMC suggests that money markets will raise rates by half a point – Bloomberg

In the short-term money market, overnight index swaps (OIS) fell in light of the US Federal Open Market Committee (FOMC) meeting schedule. A rate hike of 50 basis points (bps = 0.01%) is the most likely scenario at the December meeting.

A rate hike of around 58 basis points is expected at the FOMC meeting on 14 December. The OIS fell to 4.40% from around 4.44% after the FOMC statement was released on the 2nd. It reacted to the FOMC’s decision to consider a “cumulative hardening” of monetary policy.

Next article ： Traders now value a 50bp hike in December as the Fed’s most likely move

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