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Michael Strain: Odds of U.S. rate hike rise as inflation accelerates

Michael Strain: Odds of U.S. rate hike rise as inflation accelerates
Markets price in higher U.S. rate hike odds

Michael Strain observes that underlying inflation seems to be accelerating.

He highlights that the bond market is pricing in roughly two-thirds chance of a U.S. rate hike in September and about four-fifths odds for a hike by year-end. Strain believes the Federal Reserve should act before the end of the year.

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