Fed Rate Odds For This Year Jump to Almost 80 Percent

The probability the Federal Reserve will raise interest rates this year jumped to 78 percent, the highest level in two months, as employment and inflation expectations pick up. Policy makers will keep their benchmark unchanged at a two-day meeting that starts Tuesday, according to all but four of 97 economists surveyed by Bloomberg. JPMorgan Asset Management Portfolio Manager Iain Stealey discusses with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”

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52:20 - Guests include: Eurasia Group's Federico Santi, BMO Capital's Brian Belski, Geopolitical Futures founder George Friedman and Goldman Sachs & Co.'s Gary Chropuvka. (Source: Bloomberg)
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