US short-term interest-rate futures fall, traders add to bets on rate hikes after inflation data.
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12:38:44 PM UTC
SquawkNews
A Federal Reserve interest-rate decision later this month may be a closer call than previously thought, traders bet on Wednesday, after Labor Department data showed consumer inflation last month rose 3.7%, faster than expected.Traders had priced interest-rate futures for about a 22% chance of an Oc…