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Traders boosted expectations for a Federal Reserve interest-rate hike after hotter-than-expected core US inflation data, with a 90% chance of a move next week and two increases fully priced in by the end of the year.

3 outlets ·Finance

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Bloomberg center
Traders boosted expectations for a Federal Reserve interest-rate hike after hotter-than-expected core US inflation data, with a 90% chance of a move next week and two increases fully priced in by the end of the year.
Bloomberg News center
A key gauge of US consumer prices rose by more than expected last month, bolstering the case for Fed officials to raise interest rates next week
The Hill center
The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran. New data out Friday showed annual inflation remained unchanged in August, still well above the central bank’s target 2 percent rate. This is raising expectations of a rate hike, even as President Trump pushes…