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Here is what you need to know.
Wednesday’s a Fed day. It’s widely expected the Fed won’t raise its key interest rate at Wednesday’s meeting, but Alan Ruskin, head of G10 FX strategy at Deutsche Bank, says, “By the standards set when the Fed first tightened the Fed should be tightening in July.” Data complied by Bloomberg shows fed fund futures are pricing in just a 10% chance the Fed will hike rates. 453 more words