The Marriner S. Eccles Federal Reserve building in Washington, DC. Photographer: Stefani Reynolds/Bloomberg

Traders now have no doubt: The Federal Reserve will start raising interest rates once again next week. The implied interest rate on the swap contract linked to the Fed's July 26 rate decision rose to 5.33 percent—a quarter point higher than the 5.08 percent effective level of the policy rate most days since May 4.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.