(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate on Wednesday largely stuck to the view the central bank will keep raising rates a quarter of a point at its next three meetings.
The U.S. central bank released minutes of its most recent meeting, Jan. 31 – Feb. 1, showing most policymakers agreed more rate hikes will be needed.
After the release the contracts continued to price in a top Fed policy rate in the 5.25%-5.5% range by June, similar to pricing before the release.
The current target range is 4.5%-4.75%.
(Reporting by Ann Saphir; Editing by Kirsten Donovan and Chris Reese)