Traders priced a 23% chance of a second Fed rate hike

  • Traders priced a second Fed rate hike ahead of the report.
  • A 23% probability was assigned to another rate increase.
  • The policy meeting is scheduled for later this month.

Ahead of the report, traders were pricing in a 23% chance that the Federal Reserve would deliver a second rate hike at its policy meeting later this month.

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