Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Sept 13 - Futures contracts that settle to the Federal Reserve's policy rate on Wednesday reflected growing confidence that the U.S. central bank probably will not increase borrowing costs any further, even after the U.S. government reported August inflation accelerated.
After the report the contracts pared earlier losses, as traders priced in a receding likelihood that the Fed will raise the policy rate beyond the 5.25%-5.5% range set in July. The prices now imply about a 60% chance the Fed will keep rates to that range through year end, versus a closer-to-even chance before the report.
France Dernières Nouvelles, France Actualités
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