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Rising U.S. inflation, now at an almost 31-year high, which now includes price rises for a wider range of goods and services, has traders once again anticipating a greater likelihood of earlier interest rate increases from the Federal Reserve next year and one major investment firm is warning that the central bank is now “in an uncomfortable” place. The odds of one 25 basis point hike in the Fed’s benchmark rate by June are now nearly 48%, up from roughly 43% on Tuesday, and the chances of that move taking place in March have more than doubled, according to the CME FedWatch Tool.
...read full article on Market Watch
