October 11, 2017 / 7:47 PM / a year ago

MONEY MARKETS-Traders stick to U.S. December rate hike view after Fed minutes

NEW YORK, Oct 11 (Reuters) - U.S. short-term interest rates futures held steady on Wednesday as traders stuck to their bets on a possible U.S. rate hike in December following the release of the Federal Reserve’s minutes on its Sept. 19-20 policy meeting.

Federal funds futures implied traders still saw an 88 percent chance the U.S. central bank would increase key overnight borrowing costs at the Dec. 12-13 meeting after the Fed minutes showed concerns about the weak level of domestic inflation, CME Group’s FedWatch tool showed. (Reporting by Richard Leong; Editing by Leslie Adler)

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