Marketmind: Fed's dovish shift welcomed; inflation's next
© Reuters. FILE PHOTO: An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File PhotoStocks are up, U.S. interest rate expectations are getting tweaked lower and yields are in a downdraft after a handful of Fed officials suggested that a weeks-long run-up in yields might be bolstering their fight against inflation.
Futures pricing suggests traders now see about a 30% chance of another rate hike this year, down from about 45% a week ago.
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