Markets price 77% chance of Fed rate hike before 2027

UPDATE: Markets are now pricing approximately a 77% probability that the Federal Reserve raises interest rates before 2027.
The shift comes despite weaker-than-expected July job openings, suggesting inflation concerns are currently outweighing signs of softer labor demand in rate expectations.
A higher probability of renewed tightening implies more restrictive financial conditions and increases pressure on rate-sensitive assets.