Markets see December Fed hike as inflation stays high
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Markets are now pricing in over a 50% chance of a Fed rate hike by December 2026, reversing previous expectations for cuts. Core import prices increased by 3.3% year-on-year in April, with energy costs rising due to supply disruptions from the Iran conflict. Lower-income households are quickly depleting tax refunds as inflation exceeds wage growth, raising concerns about a potential spending slowdown.
Source: MSN The copyright of this article belongs to the original author/organization.
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