The Odds of a September Rate Hike Have Surged in the Last Two Days
Likelihood of Fed September rate increase tops 50 percent
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Traders have never been more convinced of a September rate hike by the Federal Reserve.
The chances of an interest-rate increase next month reached 52 percent Wednesday, up from just 38 percent just two days earlier. What's fueled the change of heart? Hawkish comments from Fed Bank of Atlanta President Dennis Lockhart on Tuesday, and a surprisingly strong report on U.S. service-sector growth Wednesday morning.