Market Extra: Traders overwhelmingly expect 25 basis point February rate hike
After a series of supersize rate hikes in 2022, traders are overwhelmingly betting on a standard quarter-point rise from the Federal Reserve at its first meeting of 2023 following a further slowdown in inflation and remarks by policy makers. Fed-funds futures on Thursday reflected a 93.2% probability the Federal Open Market Committee will raise the benchmark rate by 25 basis