Investors see a lower probability of a 75-basis-point rate hike in September after Fed Chair's Powell speech at Jackson Hole

Investors see a lower probability of a 75-basis-point rate hike in September after Fed Chair's Powell speech at Jackson Hole

Business Insider

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The CME FedWatch tool showed the probability of a rate increase of 75 basis points slipped to 54.5% from 64% a day prior.

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