There’s time for two Fed hikes this year — and everyone could benefit: Wittmann

August 25, 2016 7:03 AM

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There’s time for two Fed hikes this year — and everyone could benefit: Wittmann

Only 21 percent of market participants see the Fed raising its target rate to 50-75 basis points when it meets on September 20-21, according to the CME's FedWatch Tool. It last raised rates from near-zero levels in December in its first hike in nearly a decade.

On Sunday, Fed Vice Chairman Stanley Fischer said the U.S. job market was close to full strength and still improving — comments viewed by some investors as underlining the case for a rate hike.

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