Traders are showing a little more confidence that the Federal Reserve won't raise interest rates in September following a modestly encouraging July inflation report.
Interest-rate futures recently showed that traders see a 58% chance that the Fed holds rates steady at its next meeting, according to CME Group, up from 54% just before the report and 52% Tuesday. The market still showed a better-than-50% chance that the Fed raises rates by the end of its October meeting.
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