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Fed rate-hike odds near 100% in anticipation of 'Trumpenomics'

Traders await Fed chair Yellen's testimony to the US Congress on Thursday

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Mr Trump's spending plans are driving speculation that the Federal Reserve will pick up its pace of rate increases as inflation expectations climb.

London

ANALYSTS spent early November warning a Trump victory in the US presidential election would make the Federal Reserve less likely to raise interest rates. What happened instead is that it made a December increase a near certainty.

Traders assign about a 94 per cent

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