Futures Traders Just Dramatically Repriced the Chances of a Fed Hike Next Week

Key Points The Fed almost certainly has to hike interest rates next week. If Fed Chair Kevin Warsh doesn't agree to a rate hike, he could be outvoted. These 10 stocks could mint the next wave of millionaires › Suddenly, an interest rate hike by the Federal Reserve next week looks a lot like a sure thing. That's according to the federal funds futures market, which now puts the chances of a rate hike at next week's Federal Open Market Committee (FOMC) meeting at about 88%. Just a week ago, futures pricing had the chances of a hike at 59%. And a month ago, it was a coin flip, with odds at 48%. That's according to CME FedWatch, which tracks futures pricing. Missed Nvidia in 2009? This Rare Signal Is Flashing Again.