Traders keep bets on September rate hike after Fed meeting

The whipsaw action in the price of the futures contracts suggested traders initially saw slightly better odds the Fed will raise rates as soon as June, and then minutes later, slightly worse.

Prices currently reflect the expectation the Fed will wait until September before raising rates, based on the price of futures contracts tied to the Fed's benchmark policy rate. That's the same as before the Fed's meeting.

(Reporting by Ann Saphir; Editing by Chizu Nomiyama)