• News Desk

U.S. rate futures rise on comments from Fed's Brainard


U.S interest rate futures prices rose on Monday, diminishing the implied probability of a rate hike by the U.S central bank week, after Federal Reserve Governor Lael Brainard warned against a rush to raise interest rates.The comments from Brainard had been highly anticipated through the day as she will be among the last Fed officials to speak before they enter their quiet period ahead of their next policy meeting on Sept 20-21.

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