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Fed expected to hold interest rates steady next month

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

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