The odds of a September rate hike jumped to 30% from 24% before his comments, Bloomberg data showed. “Our base case (for Fed rate hike) is December. However, Friday’s commentary has increased the chances of an earlier rate hike,” said Gautam Chhaochharia, head of research at UBS Securities India Pvt. He expects a Fed rate hike this month. “With a Fed rate hike, some froth can get out of the market.

Source: Mint September 11, 2016 18:00 UTC