Markets now see the Fed's next move as a potential rate hike as inflation fears mount
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Surging energy prices, rising import costs and mounting stagflation concerns are pushing markets to consider that the Federal Reserve's next move could be a rate hike. Traders in the futures market pushed the probability of a rate increase by the end of 2026 to 52% Friday morning, the first time it has crossed the 50% threshold, according to the CME Group FedWatch tool. The move comes as global benchmark crude prices topped $110, adding to a series of developments this week signaling that
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