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Traders lift odds of a Fed rate hike to 70%
Market pricing indicates growing expectations for a Fed policy increase at the next meeting, with traders putting the probability at 70% in morning trading.
CNBC reports that traders have raised their expectations for a Federal Reserve rate hike next week, pushing the probability to 70% in morning trading.
The shift in pricing suggests market participants are increasingly leaning toward higher policy rates at the upcoming Fed meeting, according to CNBC.
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