Economic News Does Not Alter Federal Funds Target Probabilities

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:

CBOT Fed Watch - April 28 Market Close             

Summary Table:
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%.