The PPI Was Much Higher Than Expected. Odds of a Fed Rate Hike Edged Down Anyway.

Source: International Business Times

Odds of a rate hike by the Federal Reserve edged down on Thursday even though the Producer Price Index soared beyond economists' expectations. Annabelle Gordon/AFP via Getty Images Odds of a rate hike by the Federal Reserve edged down on Thursday even though the Producer Price Index soared beyond economists' expectations, figures show. Chances of a rate hike now stand below 30%, almost four percentage points less than on Wednesday, according to the CME Group's FedWatch tool.