Will the Fed raise the fed funds rate by at least 50 bps in the Feb 2023 meeting?
27
49
แน€530
resolved Feb 1
Resolved
NO

How much will The Fed raise the fed funds rate at their next scheduled meeting, Jan 31 - Feb 1 2023? Resolves YES if they raise the rate by at least the amount specified in the title, otherwise NO.

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bought แน€10,000 of NO

"The Federal Reserve raised rates by 25 basis points, or 0.25 percentage point, as was widely expected." https://www.cnbc.com/2023/02/01/live-updates-fed-rate-hike-february.html

bought แน€30 of NO

Fed fund futures now pricing this as 6% likely.

Unemployment numbers look fantastically low and the inflation numbers aren't out yet. I'm short fed funds futures for real money (and have been since summer)

bought แน€30 of NO

Fed fund futures pricing imply this is 20% likely:

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html