But Fed officials have recently sounded that the case for a rate hike had strengthened. Comments of economic outlook now supporting a rate increase came as some experts warned that the Fed risks overheating the economic by maintaining the lower interest rate condition for too long. Ahead of the Fed policy meeting this week, investors are assigning more than 97% probability the central bank would increase rates.
Upbeat hiring data and other economic indicators have strengthened expectations that a rate hike is coming soon.

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