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Economics

Chief economist update: The money is one Fed rate hike next year

The CME FedWatch Tool shows probability of the Fed funds rate at 2.75% by the Fed's last meeting in 2019 is the highest at 35.3% (up from 29.4% a month ago). Are financial markets now putting their money on just one more rate hike next year?

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Read more: FedChinaMoneyCME FedWatch ToolTrumpAmericaChairman PowellEurozoneJapanRichard ClaridaUS of AWall StreetXmas