Traders see remote chance of Fed rate hike this week

Traders on Monday placed a low probability the Federal Reserve would raise interest rates at its policy meeting later this week amid mixed economic data and ahead of the U.S. presidential election, according to interest rates futures. "Investment is still somewhat sluggish, consumption continues to grow solidly, and this adds up to GDP growth trending near 2 percent," Credit Suisse chief economist James Sweeney wrote in a research note on Monday. Federal funds futures implied traders saw a 6 per