Investors increasingly believe the Fed will hike sooner and more often in 2022.
CME Fedwatch Tool has rate hike odds for every FOMC meeting through the February 23, 2023 meeting.
The above chart reflects CME data as of December 21 , 2021.
Rate Hike Details
I added the last two columns to the CME data.
The over-under line for hikes is slightly more than three as betters see things. A sum of percentages shows a 53.7% chance of more than three hikes.
This article was originally published by Mish Talk.