Traders now see next Fed interest rate move as a hike following inflation surge
Business
Markets for the first time in the current cycle now think the Federal Reserve 's next move will be an interest rate hike. Following a week of surprisingly high inflation readings, traders in the fed funds futures market are pricing in an increase as soon as December, with a much higher certainty into the early part of 2027, according to the CME Group's FedWatch tool. A December hike has a nearly 51% probability, while a move higher by January carries about a 60% probability with March coming in
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