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20 October 2017

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Rumours are that Powell is the front-runner for the next Fed Chairman spot. Betting odds on him have surged to 47%, with an upward push in treasury yields the result. Yellen, however, is not out of the picture yet. She will probably reside over a December Fed hike and, on this front, she gets another opportunity to prepare the markets with a speech late tonight. More surprisingly, given President Trump’s criticism of her, she is now in second place, at odds of 17%, in...

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