July Inflation Was In Line With Expectations. Expectations For a Fed Rate Hike Decreased.

Source: International Business Times

Expectations that the Fed will hold interest rates unchanged in its September meeting increased on Wednesday after the July inflation rate was in line with estimates. Getty Images Expectations that the Federal Reserve will hold interest rates unchanged in its September meeting increased on Wednesday after the July inflation rate was in line with estimates. Figures from the CME Group showed that chances of a rate hike to 3.