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The President of the Cleveland Fed Hints at the Need for Rate Hikes to Combat Inflation; Markets See a 65% Probability of a Rate Hike in September
Svmuu News: Hamack, President of the Cleveland Federal Reserve Bank, recently hinted that the Federal Reserve may need to raise interest rates to curb persistently high inflation. Currently, interest rate futures traders estimate the probability of a Fed rate hike in July at about 15%, while the probability of a hike in September stands at about 65%. (Jin Shi)
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