After noticing all this buzz like "investors are pricing in an x% probability of an august 8 rate hike...." I had to wonder: how is this probability derived, and is there some futures ticker symbol for the probability? Im pretty sure there is; I saw something like this on CNBC a few weeks ago. If I'm not mistaken, the symbol was something like @FED.P or something. Googled it... got nothing. Any input appreciated.
Oh and a side note... check out today's Journal.. what looks like a little filler article talks about Bernanke's assets and salary; he makes $183,500/year
Oh and a side note... check out today's Journal.. what looks like a little filler article talks about Bernanke's assets and salary; he makes $183,500/year