Interest Rates

Hi,
I often hear on the news someone saying e.g. "traders are betting on a 60% likelyhood that the FED will raise" . Where can you see this information and does it exist for other currencies?


BR/

I think it is based on the price of Fed Funds Rate futures ie how near they are to 100 when you add the rate.

Go onto Wiki and search Fed Fund Rate.

If you go to www.cbot.com you can get futures prices

If you go to
http://www.clevelandfed.org/research...unds/index.cfm
This explains how they work the % out

Also if you go to PFXGlobal (look them up in the newssection) John has some videos on the subject

ok tx!