
Dollar wavers and Treasury yields rise as inflation fuels Fed rate hike bets
US financial markets saw the dollar fluctuate and bond yields climb toward 5% as recent inflation data increased expectations for a Federal Reserve interest rate hike.
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Dollar Wavers as Inflation Aids Fed Hike Bets While Oil Falls
The dollar oscillated Friday after a key gauge of US consumer prices rose by more than expected pushing traders to add to bets that the Federal Reserve will raise interest rates next week.
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August inflation arrives after hotter producer prices and a strong jobs report raised hawkish pressure on Fed Chair Kevin Warsh.
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Read full article →US inflation data may seal Fed rate hike - kuwaittimes.com
US inflation data may seal Fed rate hike kuwaittimes.com
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