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Benzinga
Benzinga
Business
Wayne Duggan

Wall Street Expects Another 0.75% Interest Rate Hike This Week, But Timing Of Fed Pivot Is Key

The SPDR S&P 500 ETF Trust (NYSE:SPY) gave up some of its October gains on Monday morning ahead of a critical Federal Open Market Committee interest rate decision on Wednesday.

The bond market is pricing in an 88.7% chance of a fourth consecutive 0.75% rate hike this week, according to CME Group.

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