Hedge funds and fixed income investors are increasingly positioning for the possibility of a US Federal Reserve interest rate increase later this month, with markets pricing in a sharply higher probability of policy tightening ahead of key inflation data and testimony from Fed Chair Kevin Warsh, according to a report by Bloomberg.
Market expectations for a quarter-point rate hike at the Federal Open Market Committee’s July meeting have risen to around 50%, up from less than 10% only weeks ago, a...
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