Traders Follow Goldman Call as Cash Piles Into March Rate Hike
- Open interest in February Fed Funds futures is sharply rising
- Goldman Sachs changes Fed call, sees first rate hike in March
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In the front-end of the U.S. rates curve, serious money is being put to work as traders position for the strong possibility that the Federal Reserve will hike interest rates at the March monetary policy meeting.
The move follows a number of bank strategists adjusting forecasts and calling for the Fed to raise interest rates four times this year, with the latest being Goldman Sachs’s strategy desk.