off-the-wire

Traders stick to narrow bets on September Fed hold after inflation data

Kitco Media
By Reuters
Published:
Updated:
Reuters
Traders stick to narrow bets on September Fed hold after inflation data teaser image

Aug 12 (Reuters) - Traders on Wednesday stuck to ​bets narrowly favoring ‌an interest rate hold by the Federal ​Reserve at its ​meeting next month, after ⁠a government ​report showed consumer prices ​rose in line with expectations in July.

Futures that ​settle to ​the Fed's policy rate are ‌pricing ⁠about a 55% chance that the central bank will ​keep ​the ⁠policy rate in its current ​3.50%-3.75% range at ​its ⁠September 15-16 meeting, little changed from ⁠immediately ​before the ​report.

Reporting by Ann Saphir; ​Editing by Joe Bavier

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