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Traders Boost Odds of Third Rate Hike This Year as FOMC Meets

The likelihood of a rate increase by December has jumped to around 50 percent

Will they or won’t they hike, that’s what traders are asking themselves before Wednesday’s policy decision from the Federal Open Market Committee. The odds of a hike by December have jumped to around 50 percent, based on fed funds futures, from 22 percent on Sept. 8. Wrightson ICAP economist Lou Crandall said as long as the Federal Reserve doesn’t take a rate hike “off the table this week,” the market may continue to push up the implied odds of another increase by year-end.

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