FXStreet – The CME Group FedWatch Tool, it calculates probabilities of a rate hike by the Federal open market Committee, the U.S. Central Bank (FED), jumped in comparison to the Monday of 87.7 to 88.8 percent.
Mixed US economic data could weigh on the expectations of the market participants in a sustainable way. The core component of the PCE price index, which is the preferred Inflationsmaß of the Federal Reserve, fell year-on-year to 1.5 percent. In a monthly comparison, the price index for personal consumption expenditure from -0.1 percent previously jumped to 0.2 percent.
** FXStreet News Editorial, FXStreet**