Fed hike odds jump to 95% for September 15-16 meeting

Traders priced about a 95% chance of a Federal Reserve rate hike at the Sept. 15-16 meeting on Sept. 15, Bloomberg reported, up from about 54% on Sept. 3, per Reuters. Higher odds lift borrowing costs and support the dollar, pressuring gold which pays no interest. I see little room left for a hawkish surprise.