The Traderszone Network

Published in TZ Latest News 14 August, 2015 by The TZ Newswire Staff

Fed Still Expected To Lift Rates Despite Lower Yuan

The bond market is saying China’s decision to devalue the yuan won’t stop the Federal Reserve from raising interest rates. Futures contracts indicate traders see a 48% chance the U.S. central bank will increase official borrowing costs at policymakers’ Sept. 16-17 meeting, up from 40% on Aug. 11, when China unexpectedly devalued its currency.

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