Fed funds futures jump, as traders increase bets on an interest rate hike by the middle of next...

|By:, SA News Editor
Fed funds futures jump, as traders increase bets on an interest rate hike by the middle of next year. The August 2010 contracts indicate an expected rate of 0.5%, compared to the 0.34% expected from a week ago. Futures for December 2010 show expectations of a 0.94% rate.