Miner Company
Markets raise chances for a Fed rate hike following hot inflation report
Traders moved further away Tuesday from expecting any Federal Reserve interest rate cuts and in fact began anticipating a higher probability that the next move would be a hike. Market pricing around noon Tuesday implied about a 37% probability of a rate increase before the end of the year.
Traders moved further away Tuesday from expecting any Federal Reserve interest rate cuts and in fact began anticipating a higher probability that the next move would be a hike. Market pricing around noon Tuesday implied about a 37% probability of a rate increase before the end of the year.