Currency markets are wagering on a three-quarter-rate point climb by Federal Reserve authorities not long from now, betting the US should keep the screws on the strategy to tame expansion.
Source: Bloomberg
The repricing comes in front of a key expansion report due Wednesday. A 75-premise point increment would be the second straight of that extent.
The Fed helped the objective to a scope of 1.5% to 1.75% in June, the biggest climb beginning around 1994. The move came directly following more sultry than-expected expansion markers