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Actionable news in XIV: VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN,

CME traders say chances of April interest rate hike are zero

While the chances had been low, traders now believe there is absolutely no possibility of a Fed rate hike in April.

The probability went to zero Thursday morning after two days' worth of data showed that the economy is still well shy of the central bank's inflation target. The reading comes from the CME's FedWatch tool, which tracks the price of monthly fed fund futures contracts then uses a formula to determine the chances the market is assigning to a Fed move. The current April futures contract implies a funds rate of 0.36...


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