January 29, 2018 / 2:09 PM / 6 months ago

Traders price in chances for four U.S. rate hikes in 2018

NEW YORK (Reuters) - U.S. interest rates futures edged lower on Friday as traders anticipated risk the Federal Reserve may increase key short-term borrowing costs four times in 2018 on expectations of rising domestic inflation and an improving global economy.

At 8:50 a.m. (1350 GMT), federal funds futures FFZ8 FFF9 implied traders saw a 26 percent chance of the Fed hiking rates four times this year, compared with 23 percent at Friday’s close and 10 percent a month earlier, CME Group’s FedWatch program showed.

Reporting by Richard LeongEditing by Chizu Nomiyama

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