{"id":10560,"date":"2023-04-14T13:22:15","date_gmt":"2023-04-14T13:22:15","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/fed-seen-on-track\/"},"modified":"2023-04-14T13:22:27","modified_gmt":"2023-04-14T13:22:27","slug":"fed-seen-on-track","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/fed-seen-on-track\/","title":{"rendered":"Fed seen on track for rate hike with latest retail sales data"},"content":{"rendered":"<p>(Reuters) &#8211;     Traders of futures tied to the Federal Reserve&#8217;s policy rate on Friday kept bets the U.S. central bank will increase its benchmark rate in May by another quarter-of-a-percentage point,  even after a report showed overall retail sales dropped more than expected last month.<\/p>\n<p>U.S. short-term interest rate futures reflect the view that a rate hike in May is about four times as likely as no move, slightly firmer than the chance seen before the Commerce Department report. The current target range is 4.75%-5.00%.<\/p>\n<p>(This story has been corrected to say retail sales drop was more than expected, in paragraph 1)<\/p>\n<p \/>\n<p> (Reporting by Ann Saphir; Editing by Toby Chopra)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/fed-seen-set-to\/file-photo-the-u-s-federal-reserve-building-is-pictured-in-5\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3D0G9-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3D0G9-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Traders of futures tied to the Federal Reserve&#8217;s policy rate on Friday kept bets the U.S. central bank will increase its benchmark rate in May by another quarter-of-a-percentage point, even after a report showed overall retail sales dropped more than expected last month. U.S. short-term interest rate futures reflect the view that a [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":10561,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-10560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3D0G9-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=10560"}],"version-history":[{"count":3,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10560\/revisions"}],"predecessor-version":[{"id":10642,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10560\/revisions\/10642"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/10561"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=10560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=10560"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=10560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}