More investors are anticipating the Federal Reserve’s rate increase cycle is over after fears spread of broader financial turmoil from the failure of two U.S. regional banks in the past week.
Investors in interest-rate futures markets saw a 60% chance Wednesday 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%.
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