Market Sees 41% Chance of a Rate Hike

edelfenbein
Ben Bernanke predicts that the economy will rebound later this year. That's good to hear. Of course, in February he was expecting 2.5% to 3% growth this year -- not the 0.6% we have.
More importantly, however, is what the market says. The markets' odds for a Fed rate cut has dropped to 29% from 83% since the beginning of May. There's now a 41% chance of a rate increase.