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The bar for a rate "hold" by the Fed is high and would certainly lead to more dissent than at the July meeting, says Christian Scherrmann, DWS Chief U.S. Economist. He reckons a Fed rate hike would not be a surprise, but also sees a scenario in which it doesn't happen. While a hike would likely pay…
The Treasury’s decision to at least double long-dated debt buybacks pushed benchmark yields lower, weakened the dollar to its lowest since late May and lifted gold-related assets.