While you were sleeping: December hike bets firm

Thu, 14 Sep 2017

By Margreet Dietz Sept. 15 (BusinessDesk) - Wall Street was mixed as the latest US inflation data renewed bets the Federal Reserve might hike interest rates for a third time after all this year. A Labour Department report showed its consumer price index increased 0.4 percent in August, surpassing economists' expectations and following a 0.1 percent gain in July. “Traders are really getting worked up by the resurgence of the policy tightening theme,” John Hardy, the head of foreign-exchange strategy at Saxo in Hellerup, Denmark, told...

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