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BofA Is Sticking With an October Rate Hike Even as Markets Bet Against It
Source: 247wallst.com
Monetary PolicyInterest Rates & YieldsCredit & Bond Markets
Markets assign a one-in-five chance to a Fed rate hike in October, while Bank of America argues that consensus expectations may be wrong. The article also says the market’s most rate-sensitive bond fund is close to a key floor, but the text provided does not identify the fund or explain the potential consequences.
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