Market sees next Fed hike in October, following Barr comments and hot inflation reading

Markets on Wednesday priced in a better than 70% chance that the Federal Reserve will approve another interest rate hike when it meets next in October. The move followed comments from Fed Governor Michael Barr as well as an S&P Global report showing inflation at its highest level in nearly four years.

Source: CNBC

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Category General

Source CNBC

Published 2 weeks ago

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News ID #20,608

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