FIRST AIRED: March 1, 2017

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>> A jump for the dollar and US Treasury yields on Wednesday. The dollar index hitting its highest level in seven weeks, but not because of President Trump's first speech to Congress. Investors looking instead at what they see as a growing chance of a US interest rate hike this month.
Trump took a decidedly measured tone in his keenly awaited talk on Tuesday, failing to provide much detail on his plans for tax reform and infrastructure spending. For the markets, that was overshadowed by comments from a handful of federal reserve policy makers. Some suggesting that rates centers are worried about waiting too long to raise rates, given the stimulus promised from Washington.
Before these remarks, investors had priced in a 30% chance that the FED would move this month. That's now up to 68% probability of a hike in March, and 84% of at least one hike by June.