Traders add to bets on September Fed rate hold

Traders on Thursday added to bets on an interest rate hold by the Federal Reserve at its meeting next month, after a government report showed wholesale price inflation was softer than expected in July.

Futures that settle to the Fed's policy rate are now pricing about a 65% chance that the central bank will keep the policy rate in its current 3.50%-3.75% range at its September 15-16 meeting, up from about 60% immediately before the report.