September Fed Rate Hike Odds Jump to Nearly Fifty Percent
A gauge of the dollar touched a six-week high, signaling currency traders are warming to hawkish commentary from Federal Reserve officials that has boosted the odds of tightening by September. The Bloomberg Dollar Spot Index resumed climbing after being little changed the past two days ahead of Wednesday’s release of minutes from the Federal Open Market Committee’s last meeting. The dollar rose against 15 of its 16 major peers after two regional Fed presidents said Tuesday at least two rate increases may be warranted this year. Saxo Bank CIO Steen Jakobsen discusses Fed options with "On the Move" hosts Matt Miller in Berlin and Guy Johnson in London.
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