Upbeat US CPI and Retail Sales Lift Hopes of March Rate Hike Further

Speculations of a March rate hike heightened on Yellen's hawkish comments and upbeat inflation and retail sales data. The OIS now prices in a 48% of rate hike next month, up from 37% a few days ago, while Bloomberg's estimate now suggests a 42% chance, up from 30% yesterday.

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Upbeat US CPI and Retail Sales Lift Hopes of March Rate Hike Further