Traders keep bets on Fed interest rate rises as Powell speaks

Traders keep bets on Fed interest rate rises as Powell speaks

(Reuters) - Traders of short-term interest rate futures on Friday kept their bets the Federal Reserve will raise rates twice more this year after Fed Chairman Jerome Powell said further rate hikes would likely be appropriate.

Contracts pared earlier losses but not enough to change bets on Fed rate hikes in September and December and again next June. 

(Reporting by Ann Saphir,; Editing by Chizu Nomiyama)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Aug 25, 2018 00:08 AM

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