SHORT-TERM INTEREST-RATE FUTURES NOW PRICING BIGGER CHANCE OF A FED HIKE THAN A HOLD BY SEPTEMBER
*Walter Bloomberg: FED SIGNALS HIGHER RATE PATH, MARKETS PRICE HAWKISH SHIFT
Federal Reserve projections show the median funds rate rising to 3.8% in 2026 (from 3.4%), 3.6% in 2027, and 3.4% in 2028, with the long-run rate steady at 3.1%. Inflation is expected to stay elevated, with PCE not
Post reports short-term interest-rate futures pricing higher probability of Fed hike than hold by September. Fed projections show median funds rate rising to 3.8% in 2026, with inflation expected to remain elevated.
关键要点
Interest-rate futures now favor Fed hike over hold by September
