Federal Reserve
Finance
The Federal Reserve raised rates after a three-year pause
A unanimous committee vote pushed the target range to 4 per cent, and financial markets now price an 88 per cent chance the Reserve Bank will follow suit on 29 September.
Federal Reserve
Markets Price 52% Chance Fed Will Raise Rates on Inflation Surge
Futures markets shifted to pricing a 52% probability of a Federal Reserve rate hike by year-end, the first time odds have crossed 50%. Import prices jumped 1.3% in February, export prices rose 1.5%, and oil topped $110 per barrel.