Traders pare bets on October Fed rate hike
Markets are scaling back expectations for a Fed rate hike in October.
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US PCE Market Reactions & Deviations
Sentiment Post Latest Release Traders pare bets on October Fed rate hike after PCE report. Short-term traders trim bets on rate hikes after economic data
US dollar retreats after softer-than-expected US inflation data
The dollar retreated against major currencies on Wednesday following data showing a smaller-than-expected increase in US inflation, which reduced market bets on an interest rate hike from the Federal Reserve. The euro rose 0.15% to $1.135725.
Traders pare bets on October Fed rate hike after PCE report
Traders pare bets on October Fed rate hike after PCE report
US Treasury yields hit multi-year highs as Middle East tensions rise
The 10-year yield touched its highest since mid-June 2007 and the 30-year since mid-May 2004 before easing. Traders also raised bets on a 25-basis-point Fed hike in October to about 68% from 64% on Friday.