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Traders see no further Fed rate rises until next year


(Reuters) - U.S. short-term interest rate futures pared earlier gains on Wednesday after the Federal Reserve delivered a widely expected policy rate hike and provided details on its plan to trim its massive balance sheet.Chicago Mercantile Exchange Fed funds futures traders had earlier stepped up bets against a third 2017 rate hike after a report showed weaker than expected inflation last month. Just after the Fed's rate-hike decision at 2 p.m, (1800 GMT), they trimmed those bets slightly, but not enough to suggest they have shifted their view that a third rate hike this year is unlikely. ...

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First Published: Thu, June 15 2017. 00:08 IST