'International' factors could figure in Fed outcome

2 min read

  • US short rate market on the move after stocks, credit fall sharply
  • 8.5% drop in Shanghai triggers STIR reaction; Asian currencies hit hard
  • Yields down on increased probability of ‘international’ concerns for Fed
  • Lack of guidance on Sep meeting to make life difficult for recent USD longs
  • Futures market prices Sep move at only 38% chance; meeting Wednesday

US Fed

US Fed