Chinese devaluation

It's probably the Chinese (also) not wanting the FED to cool our economy with a hike. The dollar has appreciated so much already. A yuan devaluation is playing dirty (or desperate which I don't believe).

Very interesting is how today's news would have affected the Fed funds pricing of a rate hike. There had previously been a big move towards a higher probability.

Unfortunately, the calculations are beyond me. Any website with real time probability calculation?
 
cdcaveman said:
Are you looking at the fed funds futures for that
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Higher probability of a smaller hike.

The FED funds futures chart doesn't seem to imply any relevance. Thanks for the reminder.
 
Yes. It is the September expiry. I am not sure what you find to be contradictory.

What has me confused is why there is always a 100% probability of "a" rate hike. There should be a column for prob% of 0.00 rate hike. Perhaps, even a cut. I am not sure if it is a limitation in the calc (ie Fed Funds above 100)) or presentation format.
 
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