Fed hiking rates 100 bps in July 'highly likely' -financial adviser

STORY: Traders of futures tied to the Fed's policy rate are now pricing in a nearly 80% probability of a full percentage-point rise at the coming FOMC meeting later this month, according to an analysis of the contracts by CME Group.

"What I'd like to see here is the Fed just get it over with," said Payne. "Rip the band-aid off, maybe do a whole percentage point move as opposed to a 0.75%."

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting