US Market: Brokerages turn hawkish as sticky inflation boosts Fed hike bets
· economictimes.indiatimes.com
Major brokerages including Goldman Sachs, J.P. Morgan, HSBC and Deutsche Bank expect the Federal Reserve to raise interest rates by 25 basis points this week after stronger-than-expected inflation data. Rising oil prices above $100 a barrel have added to inflation concerns, while markets are also pricing another hike in December.
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