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Futures markets price 70.3% chance of another Fed rate hike ahead of key US economic data
Futures markets indicate a 70.3% chance of another quarter-point Fed rate increase, up from 55.4% a week ago and 17.7% a month ago, according to CME's FedWatch tool. This comes ahead of upcoming US economic data, including August core PCE (landing on Wednesday) and the third estimate of second-quarter GDP, as well as Friday's September jobs report.
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