Markets Increase Bets on a Fed Rate Hike in October, Expecting Possibly Three More Hikes by End of 2027

Odaily reports that following the release of U.S. inflation data, markets have further increased their bets on a Federal Reserve rate hike in October, while also raising wagers that the Fed will hike rates three more times by the end of 2027. Previously, both the U.S. September CPI and core CPI year-over-year increases came in above market expectations. (Jinshi)