For the second time in 10 years, the Fed is poised to deliver an upward move in its target interest rate this week. The probability of a rate hike on Dec. 14 has risen to over 97%, according to much-watched CME Fed Funds futures.
Consistent U.S. employment growth, coupled with improved housing figures, solid retail sales, rising consumer confidence and increased industrial production, have led Fed officials to prep markets for this long-awaited change.
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