Traders add a bit to bets on Fed rate hike
Traders added to bets the Federal Reserve will raise short-term interest rates at its meeting next week after the first of this week's key inflation reports showed producer prices rose 5.4% in the 12 months through August.Before the report traders had seen about a 65% chance of a quarter-point rate…
Before the report traders had seen about a 65% chance of a quarter-point rate…