Fed's Logan: Data does not support skipping rate hike at next meeting – CNBC – by MSalordFX Fed CentralBanks Macroeconomics
l Convention, that data at this time does not support skipping an interest rate hike at the next meeting in June.
The CME FedWatch Tool shows the odds of a rate hike at the June meeting at 35.6%, up from 28% yesterday and 10% a week ago.The US dollar is rising across the board, supported by Logan’s comments and recent US economic data. The DXY trades at 103.34, up 0.45% for the day, at the highest level since mid-March. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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