The Fed's Preferred Inflation Gauge Was Lower Than Expected. Odds Of a Rate Hike Decreased.

Source: International Business Times

Odds of a rate hike by the Federal Reserve decreased significantly after the central bank's preferred inflation gauge was much lower than expected. Getty Images Odds of a rate hike by the Federal Reserve decreased significantly after the central bank's preferred inflation gauge was much lower than expected. The CME Group's FedWatch tool showed that chances that interest rates remain at current levels now stand at 62.

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