Traders Boost Fed Funds Shorts in Risky July Rate-Hike Wager

Traders in the fed funds market are ramping up bets that the Federal Reserve will start raising interest rates as soon as July, a previously unthinkable move that risks being...

By Edward Bolingbroke · Bloomberg Markets

Traders in the fed funds market are ramping up bets that the Federal Reserve will start raising interest rates as soon as July, a previously unthinkable move that risks being derailed by a series of economic data.