Today's economic news did not change the Chicago Board of Trade’s calculation of the probabilities of changes in the FOMC's federal funds target rate, as indicated by the CBOTs 30-Day Federal Funds futures contract:
April 26: 95% for +25 bps versus 5% for +50 bps.
April 27: 95% for +25 bps versus 5% for +50 bps.
April 28: 95% for +25 bps versus 5% for +50 bps.
May 3: FOMC decision on federal funds target rate.
Thus, as for the previous two days, according to the CBOT 30-Day Federal Funds futures contract there is a 100% chance the target rate will increase .25% to 3.00%, and a 5% chance it will increase an additional .25% to 3.25%.