Market pricing indicates that the possibility of the Federal Reserve raising interest rates this year is greater than that of cutting rates

Odaily Planet Daily reported that according to the Wall Street Journal, after some hawkish signals from Federal Reserve officials, Wall Street traders are betting that the Fed may raise interest rates this year, although the possibility is still very small. CME's interest rate futures data shows that traders believe the probability of a Fed rate hike this year is 11%, up from 5% earlier in the day and 0% on Tuesday, while the probability of a rate cut hovers around 2%.