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Benzinga
Benzinga
Business
Wayne Duggan

Wall Street Braces For Another 0.75% Interest Rate Hike Wednesday After Private Payrolls Growth Comes In Hot

Jerome Powell NYSE ADP Jeffrey Roach Nicholas Colas United States ETF

The SPDR S&P 500 ETF Trust (NYSE:SPY) traded lower by 0.5% on Wednesday morning morning ahead of a critical Federal Open Market Committee interest rate decision at 2 p.m. ET.

The bond market is pricing in a 90.2% chance of a fourth consecutive 0.75% rate hike this afternoon, according to CME Group.

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