Bond traders are fully pricing in an interest-rate hike by the Federal Reserve this year, a sign of conviction in the market that incoming Chair Kevin Warsh will need to move quickly to combat inflation. Traders boosted their bets for higher rates on Friday after Fed Governor Christopher Waller said he supports making clear the central bank’s next interest-rate move is just as likely to be an increase as a cut. Interest-rate swaps imply that the market sees the Fed’s benchmark rate at least 25

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