Traders Price 87% Chance of Rate Hike as Inflation Stays Above Fed Target

Inflation remains well above the Fed's target rate. Traders on Kalshi are now pricing in an 87% chance of a rate hike, according to Ed.
"It looks like the Fed's locked in here. They're going to have to raise interest rates," said Mark. "What's driving this is the Iran war and the pickup of energy prices and the inflation that's fanned."
He added that the 10-year yield was below 4% on February 27, the day before the U.S. started bombing Iran, and has since risen to 5% "straight up."