Swaps Show Small Chance Fed Won’t Hike at All in March
This article is for subscribers only.
Traders have begun to price in the possibility that the Federal Reserve might not even hike interest rates at all at its March meeting following a widely anticipated increase in February.
Front-end rates plunged after consumer-price index data showed inflation is slowing, giving the Fed scope to tighten less. Comments from official Patrick Harker also helped support the move.