Traders Raise Fed Rate Hike Bets
Traders increased bets that the Federal Reserve will raise interest rates next week following stronger than expected producer price inflation data. Wholesale prices rose 5.4 percent in August as geopolitical tensions and rising demand impacted global costs.
Xurve View
Insights:
Xurve View
Traders priced a 70% probability that the Federal Reserve will raise short-term borrowing costs on Thursday afternoon following a 5.4% jump in United States producer prices.
