Traders keep bets on Fed interest rate rises

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Reuters
Last Updated : Jul 17 2018 | 8:06 PM IST

(Reuters) - Traders of U.S. short-term interest-rate futures on Tuesday kept their bets the Federal Reserve will raise rates twice more this year after Fed Chairman Jerome Powell released Congressional testimony signaling his confidence in continued U.S. growth.

Traders continue to price in a Fed rate hike in September and better than even odds of a December rate hike, little changed from before the release of Powell's testimony.

(Reporting by Ann Saphir in San Francisco; Editing by Chizu Nomiyama)

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First Published: Jul 17 2018 | 7:54 PM IST

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