As of Monday's close markets priced in a 12% chance of a rate hike by the next FOMC meeting...

|By:, SA News Editor
As of Monday's close markets priced in a 12% chance of a rate hike by the next FOMC meeting (Sept. 16); a 25% chance of a 25 bps hike by year-end; and 92% odds of a 50 bps raise by June 2009.