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Traders now see next Fed interest rate move as a hike following inflation surge
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- Markets for the first time in the current cycle now think the Federal Reserve's next move will be an interest rate hike.
- The move comes near the close of a week where both consumer and wholesale inflation posted multi-year highs.
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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.
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