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Traders keep bets on two Fed rate hikes in 2017
January 4, 2017 / 8:10 PM / a year ago

Traders keep bets on two Fed rate hikes in 2017

(Reuters) - U.S. short-term interest rate futures rose slightly on Wednesday after the Federal Reserve released minutes from its December policy-setting meeting, but not enough to suggest altered expectations for the U.S. central bank’s rate hike path this year.

Federal Reserve Chair Janet Yellen holds a news conference following day two of the Federal Open Market Committee (FOMC) meeting in Washington, U.S. on December 14, 2016. REUTERS/Gary Cameron/File Photo

Traders continued to price in two rate hikes this year, and some chance of a third, based on the price of fed funds futures contracts traded at CME Group Inc’s Chicago Board of Trade.

Reporting by Ann Saphir; Editing by James Dalgleish

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