Goldman Sachs Group Inc. and JP Morgan Chase & Co. adhere to the Fed's forecast to raise interest rates five more times by the end of 2019, despite the stock market turbulence.
Despite the slight rise in futures today, Wall Street kept the negative series and traders accumulated interest rises to 3.50% at the end of 2019.
The fall in unemployment to 3.3% and rising inflation to 2.3% will cause the Fed to raise interest rates once more by the end of the year and four more times by the end of 2019.
In terms of expectations, the probability of raising interest rates in December jumped to 90%.
Source: Bloomberg Finance L.P.
Charts: Used with permission of Bloomberg Finance L.P.
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