Traders no longer expect a rate hike of 50 basis points by the U.S. Federal Reserve next week as the surprise collapse of lender Silicon Valley Bank rattles the financial system.
Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., on March 19, 2019. REUTERS/Leah Millis/File Photo
March 14 - Traders no longer expect a rate hike of 50 basis points by the U.S. Federal Reserve next week as the surpriseThe current projection is for a 25 bps move, with some expecting no hike at all or even a cut.in expectations after hawkish commentary from Fed Chair Jerome Powell had prompted traders to see a 70% chance of a 50 bps rate hike just a week earlier.
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