Fed Rate-Hike Bets Back on Table on Strong Economic Data

Traders are pricing in higher chances that the Federal Reserve will raise interest rates some time this year after U.S. economic reports including retail sales and industrial production signaled improving growth. They saw 44 percent probability the Fed will raise rates by yearend as of Friday, up from 15 percent after the U.K.’s vote to leave the European Union. U.S. policy makers next meet on July 26 and 27.

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