Traders now see next Fed interest rate move as a hike following inflation surge
The fed funds futures market is pricing in an increase as soon as December.
Economic news
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Global bonds tumble on fears of inflation shock from Iran war
Stocks dragged lower as traders price in US interest rate rises after worse than expected data releases
Inflation rate projected to hit 6% in the second quarter, top economic forecasters say
The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday.
Stocks and bonds fall as traders fret over inflation shock from Iran war
Markets price in greater chance of US interest rate rises after worse than expected data releases this week
Is the only way really down for stocks?
Market concentration means the majority of equities have room to rise