Rate Hike Hopes Higher ahead of Yellen’s Speech

Hopes of Fed funds rate hike soar ahead of Janet Yellen’s speech in the Jackson Hole Symposium. Speculations were also lifted by comments from Kansas City’s Esther George and Dallas Fed’s Robert S. Kaplan. CME’s 30-day Fed funds futures currently price in a 56% chance of rate hike in December, up from 50% a day ago.

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