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Markets see the Fed's next move as a potential hike as oil prices surge, inflation fears rise
Traders in the futures market shifted the probability of a rate increase by the end of 2026 to 52% on Friday, the first time the reading has crossed the 50% threshold, according to the CME Group. The move comes with global benchmark crude prices topping $110, a development that combines with other developments this week that signal inflation is a growing problem.
Traders in the futures market shifted the probability of a rate increase by the end of 2026 to 52% on Friday, the first time the reading has crossed the 50% threshold, according to the CME Group. The move comes with global benchmark crude prices topping $110, a development that combines with other developments this week that signal inflation is a growing problem.