Traders stick to narrow bets on September Fed hold after inflation data
TLT•Fed hold odds remain narrowly favored after July inflation data
Traders on Wednesday stuck to bets narrowly favoring an interest rate hold by the Federal Reserve at its meeting next month, after a government report showed consumer prices rose in line with expectations in July.
Futures that settle to the Fed's policy rate are pricing about a 55% chance that the central bank will keep the policy rate in its current 3.50%-3.75% range at its September 15-16 meeting, little changed from immediately before the report.
