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Fed rate hike bets for October fall sharply on soft data, dovish comments

  • Market participants cut bets on a Federal Reserve rate hike in October.
  • October rate-hike bets fell sharply after softer data and dovish comments.
  • The outlook concerns the Federal Reserve's October policy decision.

Expectations for a Federal Reserve rate hike in October fell sharply following soft economic data and dovish comments, indicating reduced conviction in near-term policy tightening.

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