The odds of a December rate hike in the US increased to over 90% yesterday, leading the US dollar to surge to a 13-year high against major currencies and a renewed sell-off in Treasuries.
Minutes from the Fed's November meeting said it would be appropriate to raise rates "relatively soon" reinforcing the case for a rate hike next month. A tool created by CME Group named FedWatch started...
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In June 2016, immediately before the Brexit referendum, a curious thing happened.