Morningstar, Inc. Commentaries
Nov 10, 2016
Click here to access Libor to Bank-Loan CEFs: Float On
With the U.S. election in the rearview mirror, the biggest question on investors' minds is when the Federal Reserve will raise rates again (it did so in December 2015, increasing its target rate by 25 basis points). According to the CME's FedWatch, as of early November, the market assigned a 76% probability to a 25- to 50-basis-point hike in December, which would move the target federal-funds rate to 50-75 basis points from 25-50 basis points.