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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

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


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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