Traders now see Fed raising rates by September
June 17 (Reuters) - Short-term U.S. interest-rate futures are now pricing in a bigger chance that the Federal Reserve will deliver a rate hike by September than opt to keep rates where they are.
The shift in market-based rate-path expectations comes after the Fed said it would leave the policy rate in its current 3.50%-3.75% range at this time, but a near-majority of policymakers penciled a rate hike by the end of 2026 to combat higher inflation.
