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Traders Ramp Up Bets on Higher-For-Longer Rates

    Markets came away from Jerome Powell's speech Friday expecting interest rates could stay higher for longer. They're feeling even more confident of that Monday morning. Traders are assigning a 57% probability to the central bank lifting rates again by the end of the year, up from 54% on Friday and 32% a week earlier, according to CME Group's FedWatch tool.

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