Chance of December rate hike peeks above 50% for first time since July

Traders on Thursday wagered a December rate hike was more likely than not for the first time since mid-July, ahead of a key Federal Reserve policy meeting next week. The fed fund futures market showed market participants were estimating a 50.9% chance of a quarter basis-point rate increase in December. This comes after a stronger-than-expected inflation reading on Thursday offered one of the more substantial signs that a recent string of weak inflation data was only "transitory," reinforcing the Fed's argument for normalizing interest rates. The Bureau of Labor Statistics reported inflation......(read more)

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