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International Business Times
International Business Times
Business

July Inflation Was In Line With Expectations. Expectations For a Fed Rate Hike Decreased.

US Federal Reserve Inflation Beth Hammack Interest Rates
Expectations that the Fed will hold interest rates unchanged in its September meeting increased on Wednesday after the July inflation rate was in line with estimates. (Credit: Getty Images)

Expectations that the Federal Reserve will hold interest rates unchanged in its September meeting increased on Wednesday after the July inflation rate was in line with estimates.

Figures from the CME Group showed that chances of a rate hike to 3.75%-4% decreased by more than six percentage points compared to the day prior after the report was released. They now stand at 41.9%.

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