Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
Market is now more hawkish than last time we checked after FED hike in December and speech from Janet Yellen. Market seems to be expecting FED to be more aggressive in 2016.
Let's look at the market pricing of hikes over next few meetings.
Current Federal funds target range is at 0.25 - 0.5%.
- January, 2016 meeting - Market is attaching 89% probability that rates will move to 0.25-0.5% and 11% probability that rates will be at 0.5-0.75%.
- March, 2016 meeting - Market is attaching 44% probability that rates will move to 0.25-0.5%, 50% probability that rates will be at 0.5-0.75% and 5% probability that rates will be at 0.75-1%
- April, 2016 meeting - Market is attaching 38% probability that rates will move to 0.25-0.5%, 49% probability that rates will be at 0.5-0.75%, 12% probability that rates will be at 0.75-1% and 1% probability that rates will be at 1-1.25%.
- June, 2016 meeting - Market is attaching 22% probability that rates will move to 0.25-0.5%, 45% probability that rates will be at 0.5-0.75%, 27% probability that rates will be at 0.75-1% and 5% probability that rates will be at 1-1.25%.
- July, 2016 meeting - Market is attaching 19% probability that rates will move to 0.25-0.5%, 41% probability that rates will be at 0.5-0.75%, 30% probability that rates will be at 0.75-1%, 9% probability that rates will be at 1-1.25% and 1% probability that rates will be at 1.25-1.5%.
As of now, Market is predicating with more than 50% probability of next hike to be in March, 2016. In December, post FOMC market expectation for a hike was in April.
