More investors anticipate that the Federal Reserve’s rate increase cycle could be over due to broader financial turmoil from the failure of two U.S. regional banks in the past week.
Investors in interest-rate futures markets on Wednesday saw a nearly 50% chance that the Fed won’t increase rates at their March 21-22 meeting, up from 30% on Tuesday, according to data compiled by CME Group . That would leave the federal-funds rate between 4.5% and 4.75%.
Read more on wsj.com