Futures tied to the Fed’s policy rate were little changed after the U.S. government reported the personal consumption expenditures price index rose 3.3% in July from a year earlier, outpacing the Fed’s 2% inflation target but in line with analyst expectations.
Traders continue to see only about a one-in-ten chance of a rate hike at the Fed’s Sept 19-20 meeting, and just under a 50% chance of a rate hike at either the November or December meetings.
Source: Economy - investing.com
