As markets prepare for this week's meeting of the Federal Open Market Committee, it's pretty much the same old story coming from the market for options on federal funds futures: Not much doubt being expressed about a 25 basis increase this week, but there is apparently still a lot of volatility around expectations of where we will be come October. The pictures:
The data:
Download july_pdfs_062705.xls
Download october_pdfs_062705.xls
And, if you'd like, a handy Power Point presentation (courtesy of Erkin Sahinoz):
Download Imp_pdf_slides_for_blog_062405.ppt