NO.PZ2018113001000062
问题如下：
At present, the price for the fed funds futures
contract expiring after the next FOMC meeting is 97.50. The current federal
funds rate target range is set between 2.20% and 2.45%.
Calculate the probability of a 25 bp
interest rate hike at the next FOMC meeting：
选项：
解释：
97.50期货合约价格隐含的FFE汇率为2.50%(= 100 - 97.50)。这是市场参与者预期的当月联邦基金平均利率。
P = expected FFE rate - current federal funds rate / 25bp
= [ 2.5% - 0.5 × （2.45% + 2.20%）] / 25bp = 70%
如题：
或者仅仅按参考题目答题：
P = expected FFE rate - current federal funds rate / 25bp
