Fed March rate hike bets near 90%

As per CME data, the probability of a Fed rate hike next happening next week stands at 86.5%. 

Former Fed policymakers Plosser said the bank has run out of reasons to delay the hike and would damage its credibility if it keeps the interest rates unchanged next week. 

Friday’s US wage growth numbers would be watched out by trader, although only a horribly weak number would force the Fed to consider delaying the rate hike.