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      Expectations for Fed Rate Hike Next Month Slightly Increase

      PANews August 26 news, market pricing showed that expectations for a Federal Reserve rate hike next month have edged up, after U.S. government data showed that the inflation gauge closely watched by the Fed rose 3.7% year-on-year in July, slightly above economists’ expectations. Interest rate futures data showed that after the release, the market estimated the probability of a Fed rate hike in September at about 42%, up from about 36% before the data.


      Source: PANews
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