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International Business Times
International Business Times
Business

Wholesale Prices Were Better Than Expected In July. Expectations Of a Rate Hike Decreased Further.

the Federal Reserve US Federal Reserve Inflation Beth Hammack Bureau of Labor Statistics
Expectations for an interest rate hike from the Federal Reserve decreased even further after wholesale inflation remained flat in July. (Credit: AFP)

Expectations for an interest rate hike from the Federal Reserve decreased even further after wholesale inflation remained flat in July.

Figures from the CME Group's Fed Watch tool stood at 67.9%, compared to 59.4% on Wednesday. Expectations for an increase to the 3.75%-4% benchmark declined to 32.1%, compared to 40.6% the day prior.

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