From Barron's Income Investing:
Following Fed Chair Janet Yellen’s dovish speech Tuesday,
fed funds futures markets are pricing in only a 20% chance of a rate
hike in June. That’s down from 30% odds before the speech, according to Aaron Kohli of BMO Capital Markets.
As recently as March 15, futures markets priced in a 50% chance of a
hike by June, Kohli points out in his closing note to clients Tuesday.
Most Wall Street economists have been targeting June as their best
guess for when the Fed will next raise rates. They have said they expect
two hikes this year....MORE