# How to Calculate (month by month) what hikes are priced into OIS?

I am looking to see on a monthly basis, what the market is pricing in in terms of rate hikes in the OIS.

Would it be sufficient to look at fed funds futures at those monthly dates? My gut says not.

It would be great to understand better how the OIS (and OIS futures curve?) could be used to see how many hikes are priced in at any frequency out to any horizon

• See also quant.stackexchange.com/questions/18890/… especially Helin Gai's answer. There are a lot of assumptions and choices involved, and therefore limitations on what you can "see". – noob2 Mar 23 '17 at 15:41

Then if you make the assumption that there will be no inter-meeting rate changes and that rate changes can only be 25 bps (for the US) - then if the forward rate between a given central bank meeting date and the next meeting date is $n$ bps higher than previous such forward rate, you might say that the market is implying an $n/25%$ chance of a rate change during that meeting.