Do U.S. Inflationary Pressures Appear Under Control?
A gauge of the dollar held its first decline in four days after Federal Reserve Governor Lael Brainard said the case for the central bank to raise interest rates is “less compelling.” The market-implied probability of a U.S. rate hike this month dropped to 22 percent from 30 percent at the end of last week. The greenback weakened against most of its 16 major counterparts on Monday following Brainard’s comments in Chicago, which were the last before the Fed enters its quiet period during which officials abstain from publicly speaking about monetary policy in the run-up to their Sept. 20-21 meeting. Allianz CIO of Global Equities Lucy MacDonald discusses Brexit from an investment point of view with Bloomberg's Anna Edwards on "Countdown."